---
title: "Brent crude oil futures fell over 4%, dropping below $100 per barrel"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281318791.md"
description: "Brent crude oil prices fell by more than 4%, dropping below $100 per barrel for the first time, currently reported at $99.21. The market was volatile due to President Trump stating that the war in Iran may soon come to an end, with New York crude oil also down 3.96%. Trump is scheduled to give a speech on Wednesday evening to discuss the progress of the war in Iran. Among the three major oil companies in Hong Kong, CNOOC fell by 4.21%, PetroChina dropped by 1.4%, while Sinopec rose by 2.45%"
datetime: "2026-04-01T07:07:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281318791.md)
  - [en](https://longbridge.com/en/news/281318791.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281318791.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281318791.md) | [繁體中文](https://longbridge.com/zh-HK/news/281318791.md)


# Brent crude oil futures fell over 4%, dropping below $100 per barrel

U.S. President Trump stated that the Iran war may soon come to an end, leading to market turmoil and an expansion of declines in oil futures. Brent crude oil fell below $100 per barrel for the first time in a week, currently reported at $99.21 per barrel, down 4.58%. New York crude oil also fell 3.96%, reported at $97.37 per barrel.

The White House announced that U.S. President Trump will deliver a nationwide address at 9 PM Washington time on Wednesday (1st) to explain the latest developments in the Iran war. Trump previously stated that the U.S. expects to end the Iran war in the coming weeks, as it has essentially achieved its military objectives and will leave the task of reopening the Strait of Hormuz to other countries.

In Hong Kong, the "three oil giants" showed mixed developments. CNOOC (00883.HK) is currently reported at HKD 26.82, down 4.21%, with a trading volume of 245 million shares, involving HKD 6.679 billion. PetroChina (00857.HK) is currently reported at HKD 10.6, down 1.4%. Sinopec (00386.HK) is currently reported at HKD 4.6, up 2.45%

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