Crude oil futures opened lower after a three-day rebound as traders reacted to an increase in crude inventories in the US. The figures were also higher than expected. However, the market could remain volatile as traders consider the economic and geopolitical developments.

Crude prices fell to a two-month low, weakened by rising oil supplies and concerns over demand. Prices posted a fifth consecutive weekly loss, the first such losing streak in a year. West Texas Intermediate rose three of four trading days on the New York Mercantile Exchange,