Lockdown may dampen demand, progress in Russia-Ukraine talks, crude oil plunges 7%

ZZZZJ

Junior member
Crude oil prices tumbled about 7% on Monday to close at their lowest level in more than a week, mainly because the worsening of the epidemic may dampen energy demand, and progress in peace talks between Russia and Ukraine is expected to help ease concerns about energy supply risks.



Crude oil fell sharply on Monday. Although there was a rebound, it was finally empty. The downward force was greater than the rebound force. Today, the bottom focus is on the breakthrough of 100. The top focuses on 107 and 108.5. , if there is a major rebound in the negotiation, the oil price may fall sharply, otherwise it will fluctuate
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