WTI Crude, Brent Prices Fall Amid Market Volatility
Oil prices took a hit on August 12, with WTI Crude Oil (Light Sweet) plummeting by 1.99% to $82.64 per barrel at the NYMEX Stock Exchange.
Brent Crude Oil fared similarly, dropping by 1.73% to $88.46 per barrel at London's ICE Stock Exchange.
The decline in oil prices comes as a result of fluctuations in global demand and supply, with traders and analysts closely monitoring market trends.