Oil Prices Dip Amid Market Volatility
Oil prices declined on August 24th, according to Armenpress. The West Texas Intermediate (WTI) Crude Oil price at the New York Mercantile Exchange (NYMEX) dropped by 1.84% to $85.46 per barrel.
The Brent Crude Oil price at London's Intercontinental Exchange (ICE) fell by 1.18% to $92.50 per barrel.
One barrel is equivalent to 159.98 liters, the unit of measurement for oil volume.