It opened with a lower gap after there was some easing of tensions in the Middle East:over the weekend.
Oil futures halted their upward trend from last week and fell by 2% as US crude inventories increased, and some news about progress in the ceasefire talks in Gaza.
The US Energy Information Administration revealed last Friday that the country's oil inventories increased by 3.2 million barrels, in addition, Russian Deputy Prime Minister Alexander Novak said that the current stock in the country has exceeded that of the previous year.
But on the technical side, oil remains bullish as a general trend, and it may regain its upward trend at any time.
