Algerian Radio
Oil prices are on track to record their most significant quarterly decline since the onset of the COVID-19 pandemic in early 2020.
Brent crude futures for August delivery, which expired on Tuesday, dropped by 0.3% (or 23 cents) to settle at $72.92 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude for August delivery fell by 1.8% (or $1.25) to reach $69.50 per barrel.
Both benchmarks are currently approaching trading levels not seen since February 27. As the August Brent contract concluded on Tuesday, it will be replaced by the September contract, which is currently trading at $73.31 per barrel.
