World crude oil prices are slightly weaker today. After European members cracked down on Russian oil bans. Including the stronger dollar, but the “WTI-Brent” contract remained above 110 dollars a barrel.
The movement of foreign crude oil prices as of March 23, 65 has been changed according to the types of references as follows:
• West Texas (WTI) was $111.76/barrel, down $0.36, or 0.32%.
• Brent was $115.48/barrel, up $0.14, or 0.12%.
Analysts of Thai Oil Public Company Limited revealed that crude oil prices dropped slightly. After reports that European Union member states (EU) have different opinions on sanctions on oil from Russia as punishment for invasion of Ukraine. Especially Germany, which is heavily dependent on Russia’s energy. However, although Russia has already received four rounds of sanctions, there is no sign that it will withdraw its forces from Ukraine. This caused the EU to begin to consider that more serious alternatives might be needed.
In addition, oil prices were also pressured by a stronger dollar. After the chairman of the US Federal Reserve (Fed) signaled the possibility of a more aggressive monetary policy upgrade. to ensure that inflation numbers will return to stabilization
Analysts forecast that US crude inventories at the end of the week of March 18 will be stable or slightly increased by 0.1 million barrels as crude supply remains tight in many areas.
