Global oil prices dip as market trends downward

In trading today on the ICE London Intercontinental Exchange, the July 2024 contract for Brent crude oil saw a slight dip, down by 0.14% to $81 per barrel, Azernews reports.

Meanwhile, over at the New York NYMEX commodity exchange, the price of a barrel of WTI crude oil for June delivery also slipped, decreasing by 0.09% to $76.92.

Similarly, on the New York NYMEX commodity exchange, the price of WTI crude oil for June delivery saw a slight decrease, down by 0.09% to $76.92 per barrel. WTI (West Texas Intermediate) crude is another crucial benchmark in the oil industry, particularly influential in the United States due to its relevance to domestic oil production and consumption.