Accordingly, the price of a barrel of WTI crude oil has fallen to US$88.27, marking a decrease of 4.42 percent.
The price of a barrel of Brent crude oil has also declined to US$98.84, recording a drop of 5.41 percent.
Meanwhile, the price of a barrel of Murban crude oil has been reported at US$119.88, reflecting a decrease of 11.31 percent compared to the previous price.
Foreign media further reported that the decline in crude oil prices comes amid market uncertainties and shifts in global economic expectations.
