Oil Prices Plummet on Profit-Taking Amid Two-Week Gain Streak
Oil prices dropped on August 24th, 2026, after investors took profits following two consecutive weeks of gains.
The Brent crude futures price fell by $1.22, or 1.29%, to reach $93.17 per barrel.
US West Texas Intermediate (WTI) crude also declined, dropping by $1.20, or 1.38%, to $85.86 per barrel.