Oil prices fell in early trading on Monday, extending losses from last week, amid expectations of the resumption of exports from oil fields in Iraqi Kurdistan as investors await clarification on talks aimed at ending the war between Russia and Ukraine.
Brent crude futures fell 20 cents, or 0.3 percent, to $74.23 a barrel. U.S. West Texas Intermediate crude fell 28 cents, or 0.4 percent, to $70.12 a barrel. Crude fell more than $2 a barrel on Friday, also recording weekly declines.
All eyes remain on talks aimed at ending Russia's war on Ukraine, which enters its fourth year today.
Source (Kuwait's Al-Rai newspaper, Edited)
