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2026-09-17 03:38:09
International crude oil prices fell significantly on September 16. By the close of trading that day, the price of light sweet crude oil futures for October delivery on the New York Mercantile Exchange fell $3.40 to settle at $102.43 per barrel, a drop of 3.21%; the price of Brent crude oil futures for November delivery on the London ICE Futures Exchange fell $2.92 to settle at $105.83 per barrel, a drop of 2.69%. This price correction was influenced by multiple market factors, including concerns about the global crude oil demand outlook, the downward pressure on commodity prices from a stronger US dollar, and signals of increased production from some major oil-producing countries. Overall, this reflects that the current supply and demand dynamics of the international energy market remain volatile and in a state of adjustment.
