Crude oil prices decline 1% after scaling multi-month highs
Edited By WION Video Desk
Published: Apr 14, 2023, 05:40 IST | Updated: Apr 14, 2023, 05:40 IST
The price of crude oil dropped by more than $1 a barrel as traders booked profits after benchmarks reached multi-month highs the previous session and an OPEC report fueled concerns about summer demand. Only the second time this month did the global benchmark Brent crude finish lower, down $1.24 or 1.4% to settle at $86.09 per barrel. US West Texas Intermediate (WTI) prices fell $1.10, or 1.3%, to $82.16 per barrel at the market close.
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