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New York, March 11 (QNA) – Oil prices fell by more than 11% on Tuesday, following remarks by US President Donald Trump that the war in the Middle East could soon come to an end, easing concerns over prolonged disruptions to global oil supplies.
Brent crude fell $11.16, or 11%, to $87.80 a barrel, while US West Texas Intermediate (WTI) crude dropped $11.32, or 11.9%, to $83.45 a barrel.
Both benchmarks recorded their largest daily losses since March 2022, after hitting four-year highs the previous day. (QNA)
