Oil prices are heading to record their largest quarterly losses since the Corona (Covid-19) pandemic in early 2020.
Brent crude futures for next August delivery, which end trading today, fell by 0.3 percent, or 23 cents, and reached $72.92 per barrel upon settlement. The price of US West Texas Intermediate crude for August delivery also fell by 1.8 percent, or $1.25, and reached $69.50 per barrel.
Both crude oils approached the levels at which they were trading on February 27, the day before the outbreak of the Israeli-American war on Iran.
Trading of the Brent crude contract for August delivery ended today, and will be replaced by the September contract, which is trading at $73.31 per barrel.
Brent crude futures for next August delivery, which end trading today, fell by 0.3 percent, or 23 cents, and reached $72.92 per barrel upon settlement. The price of US West Texas Intermediate crude for August delivery also fell by 1.8 percent, or $1.25, and reached $69.50 per barrel.
Both crude oils approached the levels at which they were trading on February 27, the day before the outbreak of the Israeli-American war on Iran.
Trading of the Brent crude contract for August delivery ended today, and will be replaced by the September contract, which is trading at $73.31 per barrel.
