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Hydrocarbon: oil prices are falling

05/01/2026
Source : ORISHAS FINANCE
Categories: Raw materials

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The oil price fell slightly on Monday. Abundance of the global supply has offset concerns related to the disruptions of The supply after the capture by the United States of the president Venezuelan Nicolas Maduro during a daring raid this weekend.

The price of Brent crude oil fell by 21 cents, or 0.4%, at 60.54 dollars per barrel at 04:52 GMT, while crude oil American West Texas Intermediate was down 28 cents, or 0.5%, at $57.04 per barrel.

The main oil prices experienced a strong volatility at the start of the Asian session, opening lower before rising slightly shortly after, to finally reduce their earnings and go back into the Red, with investors assessing the political upheavals in this country member of OPEC and their impact on oil supplies.

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