Oil Prices Slip Amid Profit-Taking, Still Eyeing Big Monthly Gain
Crude oil futures fell on Thursday despite ongoing fighting in the Middle East. This price drop is likely due to traders taking profits after the previous session's big gains.
The energy market has surged in July, with crude oil prices rising by around 20% alongside other products like diesel.
This month is on track to be the biggest monthly gain for crude oil since March, according to current trends.