Oil market momentum was kept in check on Monday as prices fluctuated in and out of negative territory, with traders on edge despite the U.S. pulling back from initial sanctions threats against Colombia, reducing immediate concern over oil supply disruptions.
Crude oil prices started the week slightly lower after President Trump called on OPEC to boost production and reduce prices as a way of bringing the Ukraine war to an end.
Curious Minds Corner
What is the name of the largest offshore oil platform in the world?
The Berkut platform, located off the coast of Russia