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Oil prices fall 8.7 percent as Brent settles at $88.36 per barrel

Brent crude futures fell by US$8.42, or 8.7 percent, to settle at US$88.36 per barrel.

By WAM Published: 2026-07-28T04:56:00+04:00 1 min read
Oil prices closed at their lowest levels in more than a week on Monday. Picture for illustrative purposes.
Oil prices closed at their lowest levels in more than a week on Monday. Picture for illustrative purposes.

New York: Oil prices closed at their lowest levels in more than a week on Monday.

Brent crude futures fell by US$8.42, or 8.7 percent, to settle at US$88.36 per barrel, while US West Texas Intermediate crude dropped by US$6.70, or 7.5 percent, to US$82.61 per barrel.