Brent crude slips to $79.08 as oil prices drift lower

Both benchmark contracts fell in early Thursday trading, with WTI dropping 0.7% to $74.69 a barrel.

Staff Writer
Cargo ships and oil tankers on the Bosporus strait, capturing global trade and maritime logistics at sunset.

Article summary

AI Generated

Brent crude futures fell 0.5% to $79.08 a barrel in early Thursday trading, while WTI dropped 0.7% to $74.69. Wednesday's session had closed mixed, with Brent edging up and WTI finishing slightly lower.

Key points

  • Brent crude fell 37 cents to $79.08 a barrel Thursday
  • WTI dropped 53 cents to $74.69 per barrel
  • Wednesday's session closed mixed for both benchmarks

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Oil prices edged lower in early Thursday trading, with Brent crude futures falling 37 cents, or 0.5%, to $79.08 a barrel by 00:24 GMT.

US West Texas Intermediate futures dropped further in relative terms, declining 53 cents, or 0.7%, to $74.69 a barrel.

Wednesday’s session had offered mixed signals: Brent closed slightly higher at settlement while WTI finished marginally lower, leaving both benchmarks under modest pressure heading into Thursday.