The fall in oil prices was affected by the prospects for sufficient global supply and uncertainty about the development of the situation in Venezuela. Brent crude oil fell 0.6% to $61.40 a barrel, while West Texas Intermediate fell 0.7% to $57.89 a barrel, and its settlement price on the previous trading day was higher. Dutch International Group analysts said, “Developments in the weekend brought further downside risks to Venezuela's short-term oil supply, but left upward potential in the long run. This will require significant investment in the domestic energy sector, but foreign companies may be reluctant to invest unless there is a more attractive investment climate or some form of guarantee for investors. “Meanwhile, Saudi Arabia, the largest exporter, lowered the price of its flagship Arabian light crude oil to Asia for the third month in a row.

The fall in oil prices was affected by the prospects for sufficient global supply and uncertainty about the development of the situation in Venezuela. Brent crude oil fell 0.6% to $61.40 a barrel, while West Texas Intermediate fell 0.7% to $57.89 a barrel, and its settlement price on the previous trading day was higher. Dutch International Group analysts said, “Developments in the weekend brought further downside risks to Venezuela's short-term oil supply, but left upward potential in the long run. This will require significant investment in the domestic energy sector, but foreign companies may be reluctant to invest unless there is a more attractive investment climate or some form of guarantee for investors. “Meanwhile, Saudi Arabia, the largest exporter, lowered the price of its flagship Arabian light crude oil to Asia for the third month in a row.