Oil down with Brent under $ 90, KOs Saipem and Tenaris in Milan

Oil dropped at the beginning of the week thanks to expectations of weaker global demand and the strength of the US dollar pending the Fed meeting.

WTI crude oil marks -1.88% at 83.17 dollars a barrel, while Brent crude falls by 1.55% below 90 dollars. Brent in March approached an all-time high of $ 147 with the Russian invasion of Ukraine exacerbating supply concerns.

In Piazza Affari, oil stocks pay duty today with Saipem down 5.85% to € 0.605, while Tenaris sells more than 3.5 percent.