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Oil prices drop to their lowest level in over 3 months

June 17, 2026اقتصاد | الإذاعة الجزائريةradioalgerie.dzTranslated from Arabic
Oil prices drop to their lowest level in over 3 months

Oil prices fell by more than 5 percent at settlement on Wednesday, marking their lowest level in over three months. Brent crude futures dropped by $4.21, equivalent to 5.1 percent, settling at $78.96 per barrel, while West Texas Intermediate crude fell by $4.70, equivalent to 5.8 percent, recording $76.05. Brent contracts saw their lowest close since March 2, while U.S. crude prices were at their lowest closing level since the fourth of the same month.

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