International oil prices fell on September 29: New York crude dropped 3.48% and Brent fell 2.56%

On September 29th, international crude oil prices experienced a notable decline. Closing data shows that light crude oil futures for November delivery on the New York Mercantile Exchange fell by $3.22, ultimately settling at $89.38 per barrel, a decrease of 3.48%. Meanwhile, London Brent crude oil futures for November delivery dropped by $2.69, closing at $102.59 per barrel, a decline of 2.56%. This price correction is considered a short-term market fluctuation, and future crude oil price trends will continue to be jointly influenced by changes in global supply and demand, adjustments in production capacity by major oil-producing countries, the state of the international economy, and geopolitical factors.