Oil prices fell sharply on August 3, with WTI Crude Oil (Light Sweet) at NYMEX Stock Exchange declining by 4.11% to $81.19 per barrel.
The price of Brent Crude Oil at London's ICE Stock Exchange also dropped by 5.65% to $85.00 per barrel, according to reports from Armenpress.
A barrel is the unit of measurement for oil volume, equivalent to 159.98 liters.
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