Oil prices fell 4% to three-week low

NEW YORK, 4th August, 2026 (WAM) -- Oil prices fell as low as 4% on August 4 to a three-week low.

Brent crude futures fell US$3.11, or 3.71%, to US$80.66 a barrel and US West Texas Intermediate futures dropped US$3.58, or 4.46%, to US$76.76 a barrel.

Both ​contracts fell to their lowest since July 13 ‌earlier in the session.

Earlier in the session, both benchmarks had risen more than 2%.