Oil price declines on Wednesday amid renewed increases in COVID-19 cases globally and an increase in US crude oil inventories, raising concerns about an increasing imbalance between supply and demand in the market.
In Asia, oil prices fell slightly on Monday amid growing concerns about the spread of COVID-19, which could have a negative impact on the recovery in energy demand. In recent weeks, there has been a surge in incidence in India.
At the start of the new trading week, the US dollar has slightly strengthened, but remains close to a monthly minimum amid negative dynamics in the yield of long-term US bonds after the Fed announced that a short-term surge in inflation would not lead to a change in monetary policy.
Last week was quite positive for the stock market.