World

Oil prices fall amid renewed banking fears

By Pan Lijun

Saturday, 25 Mar 2023 | 5:32 AM MYT

NEW YORK, March 24 (Xinhua) -- Oil prices decreased on Friday, but managed to notch a gain for the week.

The West Texas Intermediate (WTI) for May delivery dropped 70 cents, or 1 percent, to settle at 69.26 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery lost 92 cents, or 1.21 percent, to close at 74.99 dollars a barrel on the London ICE Futures Exchange.

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