Commodities
WTI Crude Oil and Brent Crude Oil Prices Plunge on August 3rd
Oil prices have taken a hit on August 3rd, with both WTI Crude Oil and Brent Crude Oil experiencing significant declines.
The WTI Crude Oil price at the New York Mercantile Exchange (NYMEX) dropped by 4.11% to $81.19 per barrel, while Brent Crude Oil price at London's ICE Stock Exchange fell by 5.65% to $85.00 per barrel.
The NYMEX is a leading futures market founded in 1882 and ranks first in oil futures trade, with its two divisions handling trades of various commodities, including oil, gas, and precious metals.