As of August 09, 07:51, Brent Crude futures for September settlement were trading 1.8% lower at $ 69,43 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for September delivery on the New York Mercantile Exchange fell by 1.92% to close at $ 66,97 a barrel.
Oil prices are falling on fears about demand decline due to the difficult situation with the COVID-19 pandemic.
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