London: The price of oil and gas has decreased by 3% in the global market.
British crude oil Brent oil is selling at 87 dollars while American crude oil WTI is selling at 82 dollars per barrel.
The price of gas in the global market is at the level of $1.68 per mmbtu with a decrease of 3%.
Until two days ago, experts were predicting that the price of crude oil in the world market could go up to 100 dollars per barrel, but now the oil prices have decreased by 3% due to the Iran-Israel conflict and a new war in the Middle East. There are fears of oil supply disruption.