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Global oil price around $41

Global oil price around $41
Oil price at $40.90 per barrel at 8:34 GMT+2, Monday, representing a decline of 1.55 percent compared to Friday levels

Global oil price started the week on a slight fall due to global oversupply and slowing economic growth.

On Monday, the oil price opened at $40.90 and slowly retreated to as low as $40.87, according to official data.

Prices were at $40.90 at 8:34 GMT+2, representing a decline of 1.55 percent compared to Friday levels.

On Friday, oil hit $42 per barrel mark on the expectation of OPEC, non-OPEC producers' oil freeze agreement scheduled for April 17.

The highest level of the day was $42.45 on Friday, official data shows.

Meanwhile, U.S. WTI also observed a fall to $38.80 at 08:34 GMT+2, declining by 2.14 percent since Friday.

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