Crude oil prices are declining today as the global banking crisis shakes the markets, and the Fed is expected to continue to raise interest rates.

Oil prices are down today after rising yesterday.

In April, the price of a barrel of West Texas Intermediate crude oil fell by 1 percent to $67 after rising yesterday. The more actively traded May contract fell 0.7 percent to $67.33. The barrel price of Brent oil, expected for May, decreased by 0.8 percent and traded at $ 73.22.

Oil prices have entered a downward trend with effects such as recession concerns and banking crisis after appearing in narrow-band transactions throughout the year with impacts such as recession concerns and banking crisis.

Central Banks and their network of connections had just stepped in to restore confidence after UBS protected Credit Suisse. Daniel Hynes, Commodity Strategist at Australia&New Zealand Banking Group, said: “Such crises can lead to big sales as we see and see the perception. The banking crisis can be an opportunity for oil and energy investors.”

Goldman Sachs analysts lowered their 12-month US crude oil forecast to $94 from $100 in anticipation of low demand.