Baku: During trading on the ICE London Intercontinental Exchange, the price of the August 2026 contract for Brent crude oil exports fell by 0.81% to $72.56 per barrel, APA-Economics reports. The price of one barrel of WTI crude oil for delivery in August 2026 on the New York NYMEX commodity exchange also declined by 0.44% to $70.44.

According to Azeri-Press News Agency, these declines in both Brent and WTI crude oil prices come after gains were observed in the previous trading session. The fluctuation in prices is a reflection of changing market dynamics and investor sentiments.