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International benchmarks for oil prices moved lower on Monday (28 March) as market switched focus back to the excessive supply condition after Easter Holidays. Industry experts believed that market might continue loosing steam unless some bullish factors such as inventories information, OPEC meeting or economy data emerge and support prices. Regarding major oil producers meeting on 17 Apr to discuss about freezing output, many analysts are not expecting any bullish outcome and warn about a possible drop in prices even before the meeting.

WTI closed at   $39.39/b (-$0.07)
Brent closed at $40.27/b (-$0.17)

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