international oil prices varied at the beginning of trading on Tuesday, amid a state of anticipation and follow-up of global economic developments and developments related to the Coronavirus pandemic.
Investors are following the developments of the Corona pandemic, with infections exceeding the barrier of 95.5 million and deaths at the level of 2 million globally, and China is also witnessing an increase in the number of HIV infections amid the application of lockdown restrictions on more People.
and Brent crude futures for March delivery this morning witnessed a rise of 0.4% to 54.98 dollars a barrel, while US Nymex crude for February delivery fell 0.3% at 52.18 Dollars per barrel.
Yesterday, oil prices recorded a retreat from the highest level in 11 months that touched last week, ending a rally that began at the end of last October; Due to production cuts and strong Chinese demand, in light of questions about the direction of the market amid the growing number of Coronavirus infections.
The price of US NYMEX crude futures fell by 0.4% yesterday, equivalent to 21 cents at $ 52.15 a barrel, and the price of Brent crude futures fell by 0.5% 30 cents, to 54.79 dollars per barrel.
