International oil prices experienced a significant decline on August 4. By the close of trading that day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange fell by $4.57 to $75.77 per barrel, a decrease of 5.69%. Brent crude oil futures for October delivery on the London Exchange dropped by $4.41 to $79.36 per barrel, a decrease of 5.26%. This price correction was mainly driven by multiple bearish factors, with heightened market concerns over crude
International oil prices experienced a significant decline on August 4. By the close of trading that day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange fell by $4.57 to $75.77 per barrel, a decrease of 5.69%. Brent crude oil futures for October delivery on the London Exchange dropped by $4.41 to $79.36 per barrel, a decrease of 5.26%. This price correction was mainly driven by multiple bearish factors, with heightened market concerns over crude
智通财经2026/08/04 20:12Show original
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International oil prices experienced a significant decline on August 4. By the close of trading that day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange fell by $4.57 to $75.77 per barrel, a decrease of 5.69%; the London Brent crude oil futures price for October delivery fell by $4.41 to $79.36 per barrel, a decrease of 5.26%. This oil price correction was mainly driven by a combination of multiple bearish factors. Growing concerns in the market about crude oil demand, coupled with changes in expected supply, jointly contributed to this marked retracement in oil prices.
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