Brent drops below $96/b on demand woes

05.08.2022

Oil prices fell on Thursday, pressured by concerns economic weakness in the United States and Europe would cut demand, but prices seesawed as the market also considered tight supply.

Brent crude futures were down 79 cents, or 0.8%, to $95.99 a barrel by 1404 GMT, while West Texas Intermediate (WTI) crude...