Loading...

mosque
partly-cloudy
°C,
العربية

Oil prices drop to three-week low

August 04, 2026 / 10:54 PM
Image for the title: Oil prices drop to three-week low
download-img
Sharjah 24 – 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%.

August 04, 2026 / 10:54 PM

Tags

More on this Topic

Image for the title: Dana Gas and Crescent Petroleum begin Iraq gas supply
02 months
Economy
Dana Gas and Crescent Petroleum begin Iraq gas supply
Oil prices rebound after sharp losses in previous trading session
02 months
International
Oil prices rebound after sharp losses in previous trading session
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

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.