Oil Prices Plunge from $120 to $93: What’s Driving the Sudden Drop?

10 March, 2026, 02:40 pm

Last modified: 10 March, 2026, 02:42 pm

Oil Prices Plunge from $120 to $93: What’s Driving the Sudden Drop?

10 March, 2026, 02:40 pm

Last modified: 10 March, 2026, 02:42 pm

Global oil markets are witnessing intense volatility. On March 9, crude oil prices were nearing $120 per barrel, but by the next morning they dropped sharply by nearly 6 percent.

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