Oil prices drop 1% with Brent at $93.45
Aug 24, 2026
London [UK], August 24: Oil prices slipped by nearly 1 % on Monday, driven down by declines in international benchmark futures.
Brent crude futures dropped 94 cents, or 1 percent, to trade at $93.45 a barrel by 23:08 GMT.
US West Texas Intermediate (WTI) crude similarly fell by 92 cents, or 1.06 percent, settling at $86.14 a barrel.
The pullback follows market adjustments to recent energy reports highlighting elevated crude inventories and mixed demand forecasts, temporarily easing pressure after persistent Middle East supply risks had driven benchmarks higher.
Source: Emirates News Agency
