TASS5/21/2026Business1 min readRussia
Brent Crude Oil Futures Drop Below $103 Per Barrel
Quick Look
- Brent crude oil futures for July 2026 delivery fell below $103 per barrel on the ICE exchange in London, reaching $102.36 by 8:56 p.m.
- WTI crude oil futures also saw a decline.
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Why It Matters
The price of Brent crude oil futures for July 2026 delivery on the London-based ICE exchange dropped below $103 per barrel for the first time since May 8 of this year. This occurred during trading data released on May 21.
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MOSCOW, May 21. /TASS/. The price of Brent crude oil futures for July 2026 delivery on the London-based ICE exchange dropped below $103 per barrel for the first time since May 8 of this year, trading data showed.
By 8:49 p.m. Moscow time (5:49 p.m. GMT), Brent was down 2.15%, trading at $102.76 per barrel.
By 8:56 p.m. Moscow time (5:56 p.m. GMT), Brent extended its losses, slipping to $102.36 per barrel (-2.53%). Meanwhile, WTI crude oil futures for June 2026 delivery fell 2.33% to $95.97 per barrel.
Open Questions
- What are the specific factors contributing to the price drop?
- What is the expected trend for oil prices in the coming days or weeks?
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This article was originally published by TASS.
