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West Asia War: Crude oil prices fall 2 per cent as ceasefire hopes calm markets
Updated On: 17 April, 2026 01:42 PM IST | Mumbai | mid-day online correspondent
Crude oil prices fell sharply in global trade after fresh signs of easing geopolitical tensions in West Asia raised hopes of improved regional stability. Benchmark Brent and WTI crude declined as traders reacted positively to ceasefire developments
Representational image. File pic
Amid key geopolitical developments, international crude oil benchmarks declined in Friday trade on hopes of easing tensions in West Asia following reports of a ceasefire between Israel and Lebanon.
Brent crude futures fell to USD 97.99 per barrel in early trade, while US West Texas Intermediate (WTI) declined to USD 92.91.
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