There are many reasons for the decline in WTI crude oil futures prices, including the strengthening of the US dollar, profit-taking by investors, and the potential negative impact of maintaining high interest rates in European and American countries on oil prices. In addition, both Saudi Arabia and Russia announced on 1 1.5 local time that they would extend their production reduction plans until the end of this year, but there are reports that Russian oil exports are approaching the highest level in four months.