Oil prices fell somewhat Monday morning under pressure from the rising dollar, which is making oil more expensive for investors outside the dollar zone. A barrel of the North Sea type Brent cost 106.02 dollars (100.72 euros), a decrease of 1.12 dollars (1.06 euros) compared to Friday. The price of the American type WTI decreased by 1.02 dollars (0.97 euros) to 103.67 (98.49 euros) dollars per barrel.
Oil prices have been hovering around $100 for some time now. Compared to the beginning of the year, they have climbed by a good 35 percent, mainly as a result of the Russian invasion of Ukraine and Western sanctions against Russia. Strict corona lockdowns in China have recently weighed on the demand for crude oil.
Meanwhile, the gas price will continue to fall on Monday. On the Dutch futures market – the benchmark for the rest of Europe – the price for delivery next month fell by about 4 percent on Monday morning to more than $ 95 per megawatt hour. At the end of March, the gas price briefly peaked at more than 200 dollars.
The further decline is said to have been driven in part by the predicted good weather in Europe. In addition, Europe imported a record amount of LNG against the background of the war in Ukraine and reduced demand in Asia.
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