Oil prices fell by 1.05%-1.08%
As of August 16, 08:07 (Moscow Time), Brent Crude futures for October settlement were trading 1.05% lower at $69.85 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 1.08% to $67.47 a barrel.
Oil prices are decreasing due to the demand concerns amid the COVID-19 pandemic.