Oil Prices Plummet Across Markets
Oil prices took a hit on August 4, with WTI Crude Oil (Light Sweet) plummeting by 8.22% to $74.52 per barrel at the NYMEX Stock Exchange.
The price drop was also seen in Brent Crude Oil, which fell by 7.91% to $78.28 per barrel on London's ICE Stock Exchange.
The unit of measurement for oil volume is the barrel, with one barrel equivalent to 159.98 liters.