Oil prices slide as Brent dips below $80 per barrel

09:35 - 28.08.2024


August 28, Fineko/abc.az. Prices for benchmark crude oil grades are falling in Wednesday trading following a decline the previous day.

The price of the October futures contract for Brent crude on the ICE Futures exchange had fallen by $0.10 (0.13%) to $79.45 per barrel by 09:30. At the close of trading on August 27, the October Brent oil futures contract had decreased by $1.88 (2.31%) to $79.55 per barrel.

Meanwhile, the price of the October futures contract for WTI crude on the NYMEX commodity exchange had decreased by $0.11 (0.15%) to $75.42 per barrel by 09:30. At the close of trading on August 27, the October WTI oil futures contract had fallen in price by $1.89 (2.44%) to $75.53 per barrel.