Oil prices fell by 0.47%-0.51%
As of July 22, 08:00, Brent Crude futures for September settlement were trading 0.51% lower at $71.86 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for September delivery on the New York Mercantile Exchange declined by 0.47% to $69.97 a barrel.
Crude oil prices market sees a downward price correction after a recent increase.