TASS55 minutes agoBusiness1 min readRussia
Brent Crude Futures Fall Below $82 a Barrel for First Time Since July 13
Quick Look
- Brent crude futures with September delivery on the ICE exchange in London dropped below $82 a barrel, marking the first time since July 13, according to trading data.
- The price initially fell 6.74% before paring some losses.
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Why It Matters
Brent crude futures contract prices on the ICE exchange in London fell below $82 a barrel for the first time since July 13.
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MOSCOW, August 3. /TASS/. The price of Brent crude futures contract with September delivery on the ICE exchange in London fell below $82 a barrel for the first time since July 13, according to trading data.
As of 1:00 Moscow time (10:00 p.m. GMT, August 2), Brent was down 6.74% at $82 a barrel.
By 1:10 Moscow time (10:10 p.m. GMT, August 2), Brent had pared losses to trade at $82.89 a barrel, down 5.73%.
Open Questions
- What factors contributed to the price drop?
- Will the price continue to fall or rebound?
Related Topics
This article was originally published by TASS.
