Oil falls in weak trading conditions as supply concerns ease

Oil markets have been hit multiple times in recent weeks by uncertainties about demand in China, the upcoming ban on exports from Russia and the decision by the Organization of the Petroleum Exporting Countries and its allies to cut production. Prices also fluctuated due to the accumulation of worries about the slowdown in the global economy and the austerity of monetary policy.

Oil prices rise, supported by speculation about the reopening of the Chinese economy

Despite market concerns about long-term demand, fuel stocks are suffering from severe shortages, which have pushed Brent crude oil back towards the $ 100 a barrel level. Global benchmark crude was trading as high as $ 99.56 a barrel early Monday.