World oil prices fell by just over 1% on Tuesday morning, while investors assessed the prospects for further monetary policy of the US Federal Reserve System (Fed), Report informs.
The price of April futures for Brent crude oil fell by 1.08% to $83.16 per barrel, and April futures for WTI dropped by 1.02% to $76.62.
The traders' attention is directed to the policy of the Fed, which affects the world commodity markets and financial markets, including trading in oil futures.
The minutes of the February meeting of the regulator are expected to be published on Wednesday. The document may contain clues about future monetary policy. According to CME Group, 81.9% of analysts in March expect the US discount rate to rise again by 0.25 percentage points to 4.75-5% per annum.
The Fed launched a cycle of raising the refinancing rate last year and last increased it earlier in February.