Oil prices fell today, Monday, after the Egyptian Suez Canal Authority announced that navigation will resume, after the floatation of the huge container ship, which blocked the canal for nearly a week.
By 16:45 Moscow time, US West Texas Intermediate crude futures were down 1.36% to $ 60.14 a barrel.
Brent crude futures fell 1.36% also to $ 63.84 a barrel, according to Bloomberg.
Before that, the Egyptian Suez Canal Authority announced the floatation of the huge container ship, which blocked the canal for nearly a week, today, and said that navigation traffic in the waterway will resume.
Oil prices have fluctuated significantly in the past few days, as traders and investors tried to balance the impact of closing a major transit point for trade and the broader impact of lockdown measures aimed at containing infections with the Coronavirus.