BackBrent Crude Oil Futures Drop Below $76/Barrel for First Time Since March 2026

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TASS24.06.2026Business1 dk okumaRussia

Brent Crude Oil Futures Drop Below $76/Barrel for First Time Since March 2026

Brent crude oil WTI crude oil futures contracts

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Brent crude oil futures for August 2026 delivery fell below $76 per barrel on London's ICE exchange, marking the first time since March 2, 2026.
WTI crude futures also saw a decline.

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The price of Brent crude oil futures for August 2026 delivery has fallen below $76 per barrel on London's ICE exchange for the first time since March 2, 2026.

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MOSCOW, June 24. /TASS/. The price of futures contracts of Brent crude oil for August 2026 delivery on London’s ICE has fallen below $76 per barrel for the first time since March 2, 2026, according to trade data.

As of 6:01 a.m. Moscow time (3:01 a.m. GMT), the Brent price was down by 1.48% at $75.94 a barrel.

By 6:06 a.m. Moscow time (3:06 a.m. GMT), the price of Brent had narrowed losses to 1.1% reaching $76.23 per barrel. Meanwhile the price of futures contracts of WTI crude oil for August 2026 delivery was down by 2.07% at $72.33 per barrel.

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What factors are driving the decline in oil prices?
Will prices continue to fall?

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