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Geopolitical tensions cause international crude oil prices to fall

28 Mar 2024 15:41 reported by Liv Wang

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International crude oil prices fell on March 26 amid tensions in the Middle East and Russia. Besides, the Organization of the Petroleum Exporting Countries and Allies (OPEC+) is expected to confirm its current production reduction policy at a review meeting.

West Texas Intermediate (WTI) crude for May delivery decreased by US$0.33 (0.3%), reaching US$81.62/barrel on the New York Mercantile Exchange.

Brent crude for May delivery declined by US$0.50, settling at US$86.25/barrel.

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