Economy Country March 01, 2025

Oil Faces First Monthly Loss Since November 2024

The oil market experiences its first monthly loss since November 2024, as traders await potential threats from Washington that could impact global prices.


Oil Faces First Monthly Loss Since November 2024

Oil prices have fallen and are experiencing their first monthly declines since November 2024. This occurred against the backdrop of announcements from Washington about possible new actions regarding the energy sector of Russia.

Major oil brands have begun to exit the growth zone. The price of Brent crude oil declined by approximately 10% for March, while American WTI oil dropped by 7%. These indicators emerged against the backdrop of tense relations between the US and Russia, particularly concerning the situation in Ukraine.

"This is just noise," said an analyst, adding that the oil market is still waiting for real events.