Loading...

mosque
partly-cloudy
°C,
العربية
  • Home
  • Economy
  • Oil prices rebound after sharp losses in previous trading session

Oil prices rebound after sharp losses in previous trading session

August 04, 2026 / 10:41 AM
Oil prices rebound after sharp losses in previous trading session
download-img
Sharjah24-WAM: Oil prices rebounded 1 per cent on Tuesday after a plunge in the previous session.

Front-month Brent futures rose $1.12, or 1.3 per cent, to $84.89 a barrel by 0355 GMT, after falling 7 per cent in the previous session to a three-week low.

US West Texas Intermediate (WTI) crude was up 77 cents, or 1 percent, at $81.11, after falling more than 5 percent in the previous session to its lowest level in nearly a week.

August 04, 2026 / 10:41 AM

Tags

More on this Topic

Image for the title: Oil prices drop 5% as Trump delays planned strike on Iran
02 months
International
Oil prices drop 5% as Trump delays planned strike on Iran
Image for the title: OPEC+ approves 188,000 bpd oil output increase for September
02 months
International
OPEC+ approves 188,000 bpd oil output increase for September
Image for the title: Iraq and Türkiye ink 750,000 bpd oil pumping deal via Ceyhan Port
02 months
Arab World
Iraq and Türkiye ink 750,000 bpd oil pumping deal via Ceyhan Port
Image for the title: Gold rises as oil prices tumble
02 months
International
Gold rises as oil prices tumble

Related News

Trump says rules out diesel export ban after European release

Trump says rules out diesel export ban after European release

03 DAYS
Oil prices decline after Europe agrees to release diesel reserves

Oil prices decline after Europe agrees to release diesel reserves

03 DAYS
Oil prices steady; Brent trades at $102.28 a barrel

Oil prices steady; Brent trades at $102.28 a barrel

04 DAYS
Oil steady near US$98, Brent posts biggest monthly gain since July

Oil steady near US$98, Brent posts biggest monthly gain since July

05 DAYS
Oil rises, Brent at US$103.73 per barrel

Oil rises, Brent at US$103.73 per barrel

06 DAYS
UAE fuel prices for October 2026 announced

UAE fuel prices for October 2026 announced

06 DAYS

More News

Oil prices rise as Brent crude reaches $105.91 barrel

Oil prices rise as Brent crude reaches $105.91 barrel

07 DAYS
Oil prices edge lower after one-week high

Oil prices edge lower after one-week high

11 DAYS
Oil prices decline, Brent trades at US$102.13 per barrel

Oil prices decline, Brent trades at US$102.13 per barrel

12 DAYS
Oil prices fall 1%, Brent remains $100 mark in Asian trading

Oil prices fall 1%, Brent remains $100 mark in Asian trading

18 DAYS

Rotate For an optimal experience, please
rotate your device to portrait mode.