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Business / World Business

Oil prices fall by nearly 3 percent at settlement

Published: 02 Aug 2025 - 12:51 pm | Last Updated: 02 Aug 2025 - 12:52 pm

QNA

New York: Oil prices fell by about USD 2 a barrel at the close of trading today.

Brent crude futures fell USD 2.03, or 2.83 percent, to settle at USD 69.67 a barrel.

Meanwhile, US West Texas Intermediate (WTI) crude also fell USD 1.93, or 2.79 percent, to settle at USD 67.33.

Brent crude ended the week up about 6 percent, while WTI crude rose 6.29 percent on a weekly basis. 

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