New york: Oil prices fell by more than two dollars per barrel at settlement. Brent crude futures settled down $2.22, or 2.35 percent, at $92.17 a barrel, while U.S. West Texas Intermediate crude settled at $85.01 a barrel, down $2.05, or 2.35 percent.

According to National Iraqi News Agency, the decrease in oil prices reflects fluctuations in the global market. The decline in Brent crude and West Texas Intermediate crude highlights the ongoing volatility affecting the energy sector. Traders and investors are closely monitoring these shifts as they seek to understand the broader implications for the global economy.

The drop in oil prices could have significant impacts on various sectors, including transportation and manufacturing. The changes in energy costs are a crucial factor for businesses and governments worldwide as they plan and adjust their strategies in response to market dynamics.