Oil slides again as Brent drops to $87.24 a barrel

Brent and WTI both fell 0.7 per cent in early Asian trading, extending a multi-day losing streak.

Staff Writer
Aerial shot of an oil tanker on the ocean at sunset in Galveston, Texas.

Article summary

AI Generated

Oil extended its multi-day decline in early Asian trading, with Brent crude falling 0.7 per cent to $87.24 a barrel. WTI dropped by the same margin to $81.67 a barrel.

Key points

  • Brent crude futures fell to $87.24 per barrel
  • WTI dropped to $81.67, also down 0.7 per cent
  • Losses extended a multi-day downward trend

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Oil prices fell for the second consecutive session in early Asian trading, with both major benchmarks declining by the same margin.

Brent crude futures dropped 60 cents, or 0.7 per cent, to $87.24 a barrel. West Texas Intermediate futures fell 56 cents, or 0.7 per cent, to $81.67 a barrel.