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Commodities

Oil Prices Plummet Amid Broad Sell-Off

Guavy AI Editorial Team
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Oil
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Global oil prices plummeted on Monday, July 27, settling at their lowest levels in more than a week amidst a broad sell-off in the international energy market.

The price of Brent crude, the international benchmark, dropped 8.7%, or $8.42 per barrel, to settle at $88.36 a barrel, its lowest closing level since July 17.

Meanwhile, US West Texas Intermediate (WTI) crude declined 7.5%, or $6.70 per barrel, to $82.61 a barrel at the close of trading.

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