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Oil prices drop after sharp rise

Oil prices have dropped after sharp rises amid Middle East tensions. Brent at $96.98, WTI at $95.29.

Aria Wright
ByAria Wright- Senior Editor
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Oil prices have fallen again after consecutive increases amid renewed tensions in the Middle East.

According to Interfax, citing market data.

At 09:04 Baku time on the London ICE exchange, Brent crude futures for August delivery fell by $0.83 (0.85%) to $96.98 per barrel. In the previous session, Brent rose by $1.81 (1.89%) to $97.81 per barrel.

On the New York Mercantile Exchange (NYMEX), WTI crude futures for July delivery dropped by $0.73 (0.76%) to $95.29 per barrel. In the previous session, WTI had increased by $2.26 (2.41%) to $96.02 per barrel.

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