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Oil prices slip 1% after reports of possible de-escalation

by News editor
April 2, 2026
in Business
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Global oil prices decline after proposal for massive emergency supply release by IEA
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Muscat: Brent crude futures for May delivery fell $1.22, or 1.08 percent, to $111.56 a barrel, after rising about 2 percent earlier in the session.

Meanwhile, West Texas Intermediate crude futures for May delivery dropped 98 cents, or 0.95 percent, to $101.90 a barrel, having touched their highest level since March 9 at the start of trading.



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