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According to World Energy on March 15: Brent crude fell nearly 6%, but remained above
$100 per barrel.
Interactive Investor Market Manager Hunter said: "In terms of supply, optimists remain hopeful that this will alleviate the current supply shortage
to some extent as the conflict is resolved in some form.
"
Boris Johnson traveled to Riyadh in the hope that Saudi Arabia would fill the gap, but analysts believe that the British prime minister's chances of success are very slim
.
The United States, which has a large supply of hydrocarbons, seems to be able to solve the supply problem more successfully by turning on the domestic tap
.
According to the Energy Information Administration (EIA), shale oil production in the seven major shale basins in the United States will see the largest increase in two years
.
According to EIA's Drilling Capacity Report, next month's output is expected to rise by 117,000 barrels to 87.
08 million barrels per day
.
At 8:45 a.
m.
, Brent crude oil for April delivery was $100.
75 per barrel, down 5.
75%.