International oil prices fell during Thursday's trading, in conjunction with the US Federal Reserve's statements that interest rates could be fixed soon to curb inflation.
The benchmark Brent crude futures contract for March delivery recorded a decline of 0.69% to $89.34 a barrel.
The US NYMEX crude contracts also declined today by 0.76% at $86.69 a barrel.
Oil prices hit their highest levels since last October, on Wednesday, in light of concerns about weak supplies despite the rise in US stocks and the release of more strategic reserves by the US administration.< /p>
The Fed's comments yesterday evening undermined investors' appetite for risky assets, including commodities.
The recent fluctuation in oil prices coincides with the frequent news about a possible invasion by Russia on its Ukrainian neighbor, and a high possibility of Western and American intervention in the conflict, which portends a war. A third world.
