New Delhi, April 18 -- Global stock markets saw oil prices drop, and stock indices soar on Saturday as investors relaxed post US-Iran ceasefire, easing immediate concerns over energy supply stability. Market data indicated a sharp correction in the commodities sector alongside a robust rally across major equity benchmarks.

Brent Crude recorded a significant decline of 7.57 per cent to settle at USD 91.87 per barrel, a marked retreat from its previous close of USD 99.39. The commodity saw an intraday low of USD 86.08, moving further away from its 52-week high of USD 114.81.

Similarly, West Texas Intermediate (WTI) crude oil fell by 9.63 per cent, dropping by USD 9.12 to reach USD 85.57. Gold prices moved contrary to the energy trend, gai...