This article provides a detailed breakdown of the decline in global oil prices following an initial rise, focusing on Brent crude and West Texas Intermediate.
Following an initial surge, global crude oil prices have retreated today. According to market reports, as of the latest updates, Brent crude is trading 3.1 per cent down at $97.58 per barrel. This represents a drop of $3.06 from its previous peak during the session. West Texas Intermediate crude stands over 2.6 per cent lower at $89.74 per barrel, marking a decrease of $2.52 from its highest point during the day. The intraday trade shows that these drops occurred after both Brent and WTI crude oil prices had reached their session highs earlier in the session.
These figures suggest that global crude oil prices have experienced significant volatility, with the price of both Brent and West Texas Intermediate dropping substantially following an initial rise.
Source:
Akashvani News
