World oil prices fall

World oil prices fell on Monday morning, while quotes may end July with growth of more than 10% due to increased demand and reduced supply, Report informs.

The price of October futures for Brent crude fell by 0.52% to $83.97 per barrel, and September futures for WTI dropped by 0.47% to $80.2.

At the same time, for the entire month, Brent oil could rise in price by 12%, which will be the strongest increase since May 2022, and WTI oil went up by almost 13.5%. The last time such an increase was observed in January 2022.

July could also become the second consecutive month of rising oil prices, and thus since the beginning of summer, oil prices could rise by 15.5% and 17.7%, respectively.