global oil prices retreated during Tuesday's trading, amid ambiguity over the date of approving the new fiscal stimulus package in the United States of America, and with following the developments of the Corona pandemic. p>
Despite the US President's pledge, Joe Biden, to approve a new fiscal stimulus package worth $ 1.9 trillion to support the economy during the Corona pandemic, Republican lawmakers must be convinced of the need To provide more incentives.
Investors are also following the developments of the Corona virus around the world, with the total number of infections approaching 100 million, as it currently exceeds 99.7 million.
Barclays Bank raised its estimate of oil prices for this year by two dollars, as it expects the price of Brent crude to reach $ 55 per barrel and Nymex at $ 52 per barrel.
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In terms of trading, Brent crude futures for March delivery fell by 0.8% to $ 55.45 a barrel. US Nymex crude for March delivery also fell 0.8%, recording $ 52.37 a barrel.
The American Petroleum Institute is due to release initial stockpile estimates in the United States for the past week later today, while the Energy Information Administration will release official data tomorrow. p>
