global oil prices continued to decline during trading on Monday, with the fading of support provided by positive data on production levels within OPEC + and demand for crude in China.
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Attention is also directed to the inauguration of Joe Biden as President of the United States next Wednesday, the official end of Donald Trump's term, as well as the new US administration's measures towards the economy in light of his crisis With the Corona pandemic.
With regard to the developments of Corona in China, there are still more than 28 million people under lockdown measures, coinciding with the increase in new infections in some regions.
In terms of trading, Brent crude futures for March delivery fell 0.7% to $ 54.73 a barrel.
US Nymex crude for February delivery fell 0.6% at $ 52.07 a barrel.
