Brent is trading at $55.38 per barrel

On Monday, oil quotations are slightly declining, Interfax reports.

March futures for Brent fell in price on the London ICE Futures by $0.03 (0.05%) to $55.38 per barrel. On January 22, these contracts fell by $0.69 (1.2%) to $55.41 per barrel during the trading session.

By this time, March futures for WTI went down at electronic trading on the New York Mercantile Exchange (NYMEX) by $0.02 (0.04%) to $52.25 per barrel. On Friday, WTI price fell by $0.86 (1.6%) to $52.27 per barrel.

Last week, Brent crude rose by 0.6%, the March contract for WTI fell by 0.3%, and the February contract, which expired on Wednesday, fell by 0.2%, according to Dow Jones Market Data.

Traders continue to monitor the epidemiological situation in China.

Data from the American oil services company Baker Hughes, released last Friday, showed an increase in operating oil rigs in the United States last week by 2 units – up to 289 rigs. The number of installs had increased for nine straight weeks but is still lower than a year earlier when it was 676.

Tags: oil, USA, Asia, coronavirus, price, Brent, WTI

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