Last week (March 14-18), international oil prices fell significantly

On March 18, WTI oil prices closed at $104.
7/barrel and Brent oil prices closed at $107.
93/barrel
.
In the same week, affected by multiple factors such as the turnaround in the negotiations between Russia and Ukraine, the Fed's interest rate hike expectations and the rebound of the global new crown epidemic, international oil prices showed a V-shaped trend and fell significantly throughout the week, with WTI and Brent oil prices both falling 4.
2%.

From the 14th to the 16th, international oil prices fell for three consecutive days, and Brent oil prices fell to 98.
02 US dollars / barrel
on the 16th.
Analysts said that the turnaround in the Russian-Ukrainian negotiations and the rebound of the new crown epidemic have continued to reduce oil prices
.
The fourth round of Russian-Ukrainian negotiations began on the 14th, and the two sides released some cautious optimistic signals
on the 16th.
According to the weekly report released by WHO on the 15th, as of the week of the 13th, the world's new confirmed cases rebounded for the first time since the end of January, up 8%
from the previous week.
In addition, fears of slower economic growth triggered by the Fed's expected interest rate hike weighed
on oil prices.
The industry is divided
on the future direction of oil prices.
Some analysts believe that oil prices have peaked
.
Some people also believe that due to the conflict between Russia and Ukraine, the future trend of crude oil supply is difficult to determine
.