Brent Crude at $76.30 a Barrel: Oil Prices Drop by Roughly 2% at Settlement

On Thursday, oil prices recorded a decline of approximately 2 percent at settlement.

Brent crude futures fell by $1.72, or 2.2%, to settle at $76.30 a barrel.

Similarly, U.S. West Texas Intermediate (WTI) crude futures dropped by $1.44, or 1.96%, closing at $72.08 a barrel.