International crude oil prices have declined.
The price of crude oil in the world market has come down below the level of ڈالر 100 per barrel.
WTI crude fell more than 5 percent to 97 97.13 a barrel, while Brent crude fell to 10 101.3 a barrel.
On the other hand, the fall in oil prices is being attributed to a possible slowdown in China’s economy.
Also read: Crude oil prices hit a 14-year high
Earlier, crude oil prices reached a 14-year high due to the announcement of a ban on Russian crude supplies by the United States and Western countries and delays in Iran’s nuclear talks.
Brent crude traded above ڈالر 129 a barrel, while WTI crude traded above 125 125 a barrel.
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