Brent Crude Dives Below $87 Per Barrel Amid Global Economic Uncertainty
Oil prices continued their decline on Tuesday, falling by more than a dollar per barrel to hit their lowest levels since July 20. Brent crude futures dropped by $1.47, or 1.66%, to reach $86.89 per barrel.
The price decrease marks the second consecutive day of declines for oil prices, with both contracts experiencing an around 8% drop in the previous session.