International oil prices fell on Monday, as geopolitical tensions eased over the Ukraine crisis.

France said in a government statement that the US and Russian presidents had agreed in principle to hold a summit on Ukraine.

The French government confirmed that President Emmanuel Macron will work with the relevant authorities to prepare for the summit between US President Joe Biden and Russian President Vladimir Putin; To discuss security and strategic stability in Europe.

But at the same time, Moscow announced over the weekend that its forces would remain in Belarus indefinitely.

For his part, Vitol CEO Russell Hardy confirmed in an interview with Bloomberg Agency, that oil may record a level above $ 100 a barrel for a long time this year, with expectations of a rise Global demand to a record level.

In today's trading, Brent crude futures for April delivery fell by 0.68% to $92.90 a barrel.

The US NYMEX crude contracts for March delivery also decreased by 0.25% at the level of $90.84 per barrel.