Russia

Brent falls below $82 per barrel, first time since July 13

TASS English · 2026-08-02

AI SUMMARY

• What happened: Brent crude oil prices fell below $82 per barrel for the first time since July 13, trading at $82.89 after initially dropping to $82.00. • Why it matters: This decline reflects ongoing volatility in global oil markets, which could impact energy prices and economic stability. • What to watch next: Monitor further developments in oil prices and any responses from OPEC+ regarding production levels and market stability.

World oil pricesBrent falls below $82 per barrel, first time since July 13 By 10:10 p.m. GMT, August 2, Brent had pared losses to trade at $82.89 a barrel© Mario Tama/Getty ImagesMOSCOW, August 3. /TASS/. The price of Brent crude futures contract with September delivery on the ICE exchange in London fell below $82 a barrel for the first time since July 13, according to trading data. As of 1:00 Moscow time (10:00 p.m. GMT, August 2), Brent was down 6.74% at $82 a barrel. By 1:10 Moscow time (10:10 p.m. GMT, August 2), Brent had pared losses to trade at $82.89 a barrel, down 5.73%. 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Source: TASS English
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