Global crude oil price drops over 2% on Mar 29
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Update time : 2021-03-29 17:22:31
According to the market of crude oil on March 29th, the crude oil price showed a significant decrease, by over 2% in a day.
Among them, the crude oil price on the West Texas Intermediate was US$59.43/barrel, and the crude oil price on the Brent Crude came to US$63.13/barrel, decreased by 2.53% and 2.23% in a day, respectively.
The main reason for the price decrease might be the vessel blockage in the Suez Canal, which seriously influent global trade, further affected crude oil demand.
