Crude oil prices fell after a continuous increase in the global market.
According to media reports, the price of Brent crude oil in the global market fell by $ 1.29 to $ 87.69 per barrel.
The price of US crude oil West Texas Intermediate also fell by $ 1.30 to $ 81.97 per barrel.
The reason for the decline in oil prices is the decrease in global oil demand estimates in 2026.
According to forecasters, the disruptions caused by the US and Israel’s war against Iran have affected global demand.
OPEC has reduced its forecast for global oil demand growth for 2026 to 580,000 barrels per day in its monthly oil market report released on Wednesday.
