International oil prices rose during Monday's trading, while following the latest developments in the war in Ukraine, as the situation indicated the failure of both Russia and Ukraine to make significant progress in joint talks. And then follow the West's actions towards Moscow in response to the continued military attack on Kyiv.
US President Joe Biden is scheduled to hold a phone conversation with his counterparts in Europe later today, and then make a trip to the region later this week.< /p>
Investors are also following the developments in the outbreak of the Corona virus in China and the efforts made there to contain the current outbreak, as well as the repercussions on global demand for oil, as China recorded its first death last week. Due to (Covid-19) since January 2021.
In terms of today's trading, the futures contracts for the benchmark Brent crude for May delivery rose by 3.28% at the level of $ 111.47 a barrel.
The US NYMEX crude contracts for April delivery also rose by 3.42% to reach $108.28 per barrel.
