By Boluwatife Oshadiya, Energy Correspondent | April 13, 2026 Key Points Main Story Global oil prices declined sharply last week, with Brent crude falling 11.5% to $96.44 per barrel, as expectations of a temporary ceasefire in the Middle East reduced immediate supply disruption risks. U.S. benchmark West Texas Intermediate also dropped 11.6% to $98.62, reversing … Continue reading Oil Prices fall 11% on middle east ceasefire hopes