2 sourcesUpdated
Global oil prices plunge further
Global crude oil prices continued to fall, with Brent dropping below $90 per barrel and WTI under $85. The decline follows a sharp 23% drop since October 30, amid easing tensions between the U.S. and Iran and expectations of increased supply.
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Summary
Global crude oil prices continued to decline on Tuesday (10), with international benchmark Brent crude falling below US$90 per barrel for the first time since August 31. According to Reuters, Brent crude futures dropped 3.15% to US$89.65 per barrel by 13:34 GMT, while US West Texas Intermediate (WTI) crude fell 2.68% to US$84.52 per barrel.