Crude oil prices without change during the Asian session, and remain under the negative pressure

Crude oil prices witnessed a slight movements during the Asian session on Monday to remain close to last week's closing levels, comes in light of the continued negative pressure on crude oil prices, with the continued suffering of the markets from the over supply.

Futures US crude oil prices trading at $ 30.97 a barrel, after the session opened today at $ 30.83 per barrel recording its highest level at $ 31.03 a barrel, this comes after crude oil prices fell on Friday to its lowest level at $ 30.63 a barrel.

Weak movement in crude oil levels at the beginning of the week comes after heavy fluctuations during the past week which saw the rise and fall in crude oil prices, which affected the movement of the US dollar as well as news about the possibility of reaching an agreement on production rates, between OPEC and Russia.

The dollar index, which tracks the dollar's performance against a basket of major currencies witnessed a volatility of weak movement during today's trade, trading around the 97.0 level after recording the highest at 97.11 and the lowest at 96.97 comes after registering last week, its lowest level in four months at 96.25.

On the other hand, US inventories of crude oil rose during the EIA report, which was released during last week, which helped to lower crude oil prices before the end of the week because of continuing fears of slowing demand from the United States which would help the accumulation of stocks of crude oil.