Oil prices fall 8.7 percent as Brent settles at $88.36 per barrel

Oil prices fall 8.7 percent as Brent settles at $88.36 per barrel

NEW YORK, 28th July, 2026 (WAM) -- Oil prices closed at their lowest levels in more than a week on Monday.

Brent crude futures fell by US$8.42, or 8.7 percent, to settle at US$88.36 per barrel, while US West Texas Intermediate crude dropped by US$6.70, or 7.5 percent, to US$82.61 per barrel.