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2026-07-17 04:08:11
International oil prices fell slightly on July 16. At the close of trading that day, the price of light sweet crude oil futures for August delivery on the New York Mercantile Exchange fell 65 cents to $78.95 per barrel, a drop of 0.82%; the price of Brent crude oil futures for September delivery on the London ICE Futures Exchange fell 72 cents to $84.23 per barrel, a drop of 0.85%. The international crude oil market has recently been exhibiting a volatile trend, and this slight decline in oil prices was influenced by multiple factors, including changes in market expectations for supply and demand and fluctuations in the US dollar exchange rate.
