...

Oil prices fall as volatile trading continues

Oil&Gas Materials 11 March 2022 04:36 (UTC +04:00)
Oil prices fall as volatile trading continues

Oil prices dropped on Thursday as volatile trading continues amid geopolitical risks, Trend reports citing Xinhua.

The West Texas Intermediate for April delivery lost 2.68 U.S. dollars, or 2.5 percent, to settle at 106.02 dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery decreased 1.81 dollars, or 1.6 percent, to close at 109.33 dollars a barrel on the London ICE Futures Exchange.

The above market reactions followed a marked price correction on the oil market, which saw the U.S. crude standard and Brent slump 12.1 percent and 13.2 percent, respectively, on Wednesday.

Tags:
Latest

Latest