Oil prices fell today, Monday, as investors focused on concerns about the possibility of the United States defaulting on its obligations.
By 10:05 Moscow time, US West Texas Intermediate crude futures fell 1.22% to $70.68 a barrel.
While Brent crude futures fell by 1.01% to $74.82 a barrel, according to Bloomberg agency data.
Earlier, the US President said that “things went well” during a phone call with House Speaker Kevin McCarthy on the “debt ceiling” negotiations.
For her part, US Treasury Secretary Janet Yellen confirmed that the United States will not hold out until mid-June if the government does not find a way out of the impasse of the debt ceiling.
This article was originally published by RT.