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Brent crude price drops 1% amid trade expectations
Energy
- 01 August, 2025
- 16:30
Global oil prices fell by 1% on Friday afternoon amid trade expectations, though weekly growth is projected at around 5%.
According to Report, citing trading data, the October Brent futures price decreased by 0.99% to $70.99 per barrel, while September WTI futures fell by 1.01% to $68.56.
Since the start of the week, prices are set to show an approximate 5% increase, driven by gains earlier in the week following U.S. President Donald Trump’s Monday statement about his intention to shorten the previously set 50-day deadline for achieving a truce between Russia and Ukraine to 10–12 days.
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