Oil Drops 2% Amid Concerns Over Russian Supply Disruptions

2025-08-26 07:12:26

(MENAFN- The Peninsula) QNA

UPDATE: Oil prices decline by over 2% at settlement - Oil prices fell by more than 2% at settlement on Tuesday.

Brent crude dropped by $1.58, or 2.3%, to settle at $67.22 per barrel.

West Texas Intermediate (WTI) crude lost $1.55, or approximately 2.4%, to reach $63.25 per barrel

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New York: Oil prices fell by nearly 2% on Tuesday, reversing gains from the previous session, as traders closely monitored developments in the Ukraine conflict and its potential impact on Russian fuel supplies.

Brent crude dropped $1.28, or 1.9%, to $67.52 per barrel by 11:19 am Eastern Time, after reaching its highest level since early August.

Meanwhile, US West Texas Intermediate (WTI) crude fell $1.30, or about 2%, to settle at $63.50 per barrel.

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