Oil prices are about to record the first monthly loss

Oil prices fell on Friday, more than 1% and tend to register the first monthly decline since November, amid the anticipation of the markets, Washington’s threats to impose customs duties and Iraq’s decision to resume export of oil from the Kurdistan region.

Investors’ morale was also affected by the uncertainty surrounding the plans of the Organization of Petroleum Exporting Countries (OPEC) on production in Nissan and the ongoing peace conversations to end the war in Ukraine.

By 12:12 GMT, the most active May Brent crude contracts decreased 88 cents, or 1.2%, to $ 72.69 a barrel, while US West Texas Intermediate crude recorded $ 69.36 a barrel, a decrease of 99 cents, equivalent to 1.41%, according to Reuters.