Crude oil futures prices have declined and have been rising for three consecutive trading days before. The market is still seeking a balance between abundant supply and geopolitical risk premiums. Ritterbusch and Associates stated in the report: “The bearish fundamentals of the global oil market are slowly being translated into sharper visibility, particularly in the US. Oil prices will be disrupted by multiple factors this week — not only risk sentiment swings caused by geopolitical headlines such as the Russian-Ukrainian conflict and the situation in Venezuela, but also by the Federal Reserve's interest rate decision, which will have an important impact on demand prospects.” Although geopolitical tension continues to provide support, weak fundamentals and upcoming US Federal Reserve policy decisions are putting pressure on the market, and investors are carefully evaluating future energy demand prospects.

Crude oil futures prices have declined and have been rising for three consecutive trading days before. The market is still seeking a balance between abundant supply and geopolitical risk premiums. Ritterbusch and Associates stated in the report: “The bearish fundamentals of the global oil market are slowly being translated into sharper visibility, particularly in the US. Oil prices will be disrupted by multiple factors this week — not only risk sentiment swings caused by geopolitical headlines such as the Russian-Ukrainian conflict and the situation in Venezuela, but also by the Federal Reserve's interest rate decision, which will have an important impact on demand prospects.” Although geopolitical tension continues to provide support, weak fundamentals and upcoming US Federal Reserve policy decisions are putting pressure on the market, and investors are carefully evaluating future energy demand prospects.