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International oil prices fell sharply again on the 15th, and as of the close of the day, the price of US crude oil futures and London Brent crude oil futures fell back below $100 per barrel
.
As the two benchmarks of the international crude oil market, the price of US and Burundian oil lasted above $100 per barrel for about half a month, and both briefly broke through the $130 per barrel price mark
at the beginning of this month.
In recent days, international oil prices have continued to fall
.
As of the close of trading on the 15th, the price of light crude oil futures for April delivery on the New York Mercantile Exchange fell 6.
38% to close at $96.
44 per barrel, and the price of Brent crude oil futures for May delivery on the Intercontinental Exchange in London fell 6.
54% to close at $
99.
91 per barrel.
The US financial media CNBC quoted analysts as saying that international oil prices continued to decline due to the good news that Russia and Ukraine will continue to conduct peace negotiations, Iran is preparing for returning to the international energy market after the Iranian nuclear agreement, and the United States may lift the Venezuelan crude oil embargo
.
In addition, the market continues to digest the impact of economic sanctions on Russia, and the irrational factors that previously caused the rise in international oil prices are decreasing
.
Some market observers pointed out that the United States and Bu oil fell more than 20% from the recent price high, technically has entered the bear market area, and the main reason for this round of decline is that investors realize that European countries cannot completely decouple from Russian oil, and the fluctuation of international oil prices has gradually returned to rationality
.
As crude oil futures prices fell, the rally in U.
S.
regular gasoline prices also showed signs of
moderating.
According to data released by the American Automobile Association on the 15th, the average gasoline price in the United States fell to $4.
316 per gallon on the same day, down slightly from the recent high of $4.
331 per gallon
.
