Global oil prices fall

2026-03-20 - 04:14

International media reports that global oil prices, which had surged due to the ongoing conflict in the Middle East, have fallen significantly as of this morning (March 20). Accordingly, Brent Crude Oil declined to USD 105.82 per barrel, down from over USD 115 per barrel recorded yesterday (March 19). Similarly, West Texas Intermediate (WTI) crude dropped to USD 93.43 per barrel, after exceeding USD 100 per barrel the previous day.