Brent Crude Oil Price Falls Below $80 For First Time Since February

The nearest contract for Brent futures dropped 2.2 percent to $79.35 at around 1400 GMT before recovering to around $80.32, while the American WTI contract was down 1.0 percent at $76.19.

Agence France-Presse
World News
Jun 03, 2024 20:06 IST

Read Time: 1 min

Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.

The nearest contract for Brent futures dropped 2.2 percent to $79.35 at around 1400 GMT before recovering to around $80.32, while the American WTI contract was down 1.0 percent at $76.19.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Brent Crude Oil Price Falls Below $80 For First Time Since February

The nearest contract for Brent futures dropped 2.2 percent to $79.35 at around 1400 GMT before recovering to around $80.32, while the American WTI contract was down 1.0 percent at $76.19.