London: The price of Brent crude for September 2025 delivery dropped by 0.25% to $66.63 per barrel during trading on the ICE Intercontinental Exchange in London, APA reports. The price of WTI crude for August delivery also fell by 0.4% to $65.21 per barrel on the NYMEX commodity exchange in New York.

According to Azeri-Press News Agency, the decline in oil prices is attributed to fluctuations in global market conditions. The trading session witnessed a reduction in demand, affecting prices across major exchanges. The slight decrease in Brent and WTI crude prices reflects current market trends and the ongoing adjustments within the energy sector.

The movement in oil prices is closely monitored by stakeholders in the energy market, with each shift affecting various economies dependent on oil exports and imports. As trading continues, market participants remain vigilant, assessing the implications of these price changes on future contracts and energy policies.