Oil Prices Drop as US Economic Slowdown Concerns Mount

Oil prices fell on Thursday, August 1, 2024, due to U.S. economic slowdown indicators and a stronger dollar. Meanwhile, global caution persisted amid various market factors. On Nymex, WTI crude for September closed down 2.05% at $76.31 per barrel. Consequently, Brent for October on the ICE fell 1.63% to $79.52 per barrel. Initially, oil prices […]