The price of futures contracts of Brent crude oil for August 2026 delivery on London’s ICE has fallen below $76 per barrel for the first time since March 2, 2026, according to trade data. The Brent price was down by 1.48% at $75.94 a barrel. Later the price of Brent narrowed losses to 1.1% reaching $76.23 per barrel. Meanwhile the price of futures contracts of WTI crude oil for August 2026 delivery was down by 2.07% at $72.33 per barrel.