Pay attention to the progress of the situation in Russia and Ukraine, and the high point of crude oil fell back and closed down collectively

News on March 25, the market continued to pay attention to the progress of the situation in Russia and Ukraine, as well as the impact of the new sanctions announced by the United States against Russia, crude oil futures fell from a new high in more than two weeks earlier
.

West Texas Intermediate crude for May delivery fell $2.
59, or nearly 2.
3 percent
, to settle at $112.
34 a barrel on the New York Mercantile Exchange.
On ICE Eurex, the global benchmark, Brent crude fell $2.
57, or 2.
1 percent, to settle at $
119.
03 a barrel in May.

Gasoline prices fell 2.
36% to $3.
39 a gallon in April, and heating oil prices rose 0.
9%
to $4.
153 a gallon in April.
Natural gas was reported at $5.
401 per million British thermal units in April, up 3.
2%.

U.
S.
President Joe Biden met with European allies and other world leaders in Brussels on Thursday in response to Russia's February 24 war against Ukraine
.

Moya, senior market analyst at OANDA, said crude oil prices fell
on expectations that NATO would not sanction Russian energy anytime soon.
NATO members will not give up the opportunity
to put pressure on Russia now.
However, it will take time
before they have to impose an oil embargo on Russia.
”

The Biden administration announced more sanctions against Russia, including measures
against 48 large Russian state-owned enterprises.
These enterprises are part of the Russian defense industrial base and produce weapons that were used
in the invasion.
The United States has banned imports of Russian crude oil, and Britain says it will gradually stop importing Russian oil
by the end of the year.
Meanwhile, Europe remains divided
.

Fears of reduced Russian supplies have added to market volatility, with crude prices soaring to near 14-year highs earlier this month before falling sharply below $100 a barrel before rebounding
.

Schneider Electric commodities analyst Brian Steinkamp said in a daily report: "Many member states of the European Union .
.
.
Continue to show a reluctance to impose more sanctions
on much-needed energy supplies from Russia.
However, Japan's main refiners vowed this week to join the rest of the world in phasing out oil deals
with Russia.
”

Analysts say discussions about reviving progress on the Iran nuclear deal could have put some pressure
on oil prices on Thursday morning.
The deal will allow Iran to resume crude oil exports
.

The U.
S.
Energy Information Administration reported Thursday that U.
S.
domestic natural gas supplies fell by 51 billion cubic feet
in the week ended March 18.
By comparison, analysts in the S&P Global Commodities Watch survey expect the index to decline by an average of 62 billion cubic feet
per week.
On Wednesday, the EIA reported that U.
S.
domestic crude inventories fell by 2.
5 million barrels
in the week ended March 18.
Gasoline and distillate inventories also fell
.