global oil prices fell during today's trading, Tuesday, after the big gains recorded by crude yesterday, while some analysts explain today's drop as part of a profit-taking process.
>
and the crude oil rose significantly yesterday, with the support of the positive news announced by Pfizer and Biontech that their vaccine in the treatment of the Corona virus has proven effective by more than 90%.
p>
and on the impact of that news, the benchmark Brent crude oil futures rose yesterday by 7.5%, or the equivalent of $ 2.95, to reach $ 42.40 a barrel. The price of US NYMEX crude futures increased yesterday by 8.5%, equivalent to $ 3.15, to reach $ 40.29 a barrel.
But with the start of trading today, there appeared to be a state of decline prevailing trading in the hope of some investors to make quick profit-taking operations that achieve good returns after yesterday's highs. / p>
In morning trading on Tuesday, oil prices fell, as the price of futures contracts for Brent crude fell this morning by 1.1% to reach $ 41.94 a barrel. Also, US Nymex crude futures fell 1.4% to $ 39.71 a barrel.
