Russia-Ukraine negotiations are less than expected, IEA will release crude oil reserves, international oil prices fluctuated and fell

Affected by multiple factors, after a significant increase in international oil prices last week (the week ending April 8), they showed a volatile downward trend
throughout the week.
WTI oil prices fell by 1.
02% and Brent oil prices by 1.
54%.

On the 8th, WTI oil prices closed at $98.
26 / barrel, and Brent oil prices closed at $102.
78 / barrel
.

Last week (April 4-8), many Western countries escalated
sanctions against Russia.
Negotiations on the Iranian nuclear agreement were suspended, and the market was worried about geopolitical risks that exacerbated supply constraints
.
On April 4, international crude oil prices rose significantly, and as of the close of the day, WTI oil prices rose by 4.
04%; Brent oil prices rose 3.
01%.

On April 6, International Energy Agency (IEA) Administrator Birol said on Twitter that IEA members will release 120 million barrels of crude oil reserves
.
At the same time, the Fed sent hawkish signals to boost the dollar, and international oil prices fell
sharply.
As of the close of the day, WTI oil prices fell by 5.
62%; Brent oil prices fell by 5.
22%.

With the announcement of the fifth round of sanctions against Russia by the European Union, on the 8th, international oil prices rose
slightly.
Analysts said that the United States is in serious inflation, and the high inflation brought about by high oil prices will seriously affect the slow economic recovery
of countries around the world.