Crude Oil Prices Drop Nearly 6% Over Two Days Amid Market Concerns

Brent and WTI crude benchmarks have fallen sharply over the past 48 hours, hovering near $85 per barrel due to shifting market dynamics and demand worries.

26 Aug, 02:14 — 26 Aug, 02:14

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economic-times6d ago

Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?

Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42. Both benchmarks had declined more than 3% on Tuesday.

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Crude Oil Prices Drop Nearly 6% Over Two Days Amid Market Concerns

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Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?

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