International oil futures dropped sharply on Aug. 2 Eastern Time, according to market data cited by ChainCatcher from Gate. The move came as traders increasingly expected the United States and Iran to hold a new round of talks soon.
As of 19:00 ET on Aug. 2, the New York Mercantile Exchange's September light crude contract fell as low as $74.78 a barrel. That was down $5.89 from the previous session's close, a decline of 6.96%.
In London, the October Brent crude contract fell to a session low of $81.55 a barrel. The contract was down $6.38 from the prior trading day's close, marking a 7.26% drop.
U.S. President Donald Trump said the United States would hold talks with Iran the next day. The reported expectation of renewed negotiations was cited as the reason behind the sharp pullback in oil prices.
International oil futures posted steep losses on Aug. 2 Eastern Time, according to Gate market data cited by ChainCatcher, as the market expected the United States and Iran to hold a new round of talks soon.
As of 19:00 ET on Aug. 2, the New York Mercantile Exchange's September light crude oil futures contract had fallen to a low of $74.78 per barrel, down $5.89 from the previous trading day's close, a decline of 6.96%.
The October Brent crude futures contract in London dropped to a low of $81.55 per barrel, down $6.38 from the previous trading day's close, a fall of 7.26%.
U.S. President Donald Trump said the United States would hold talks with Iran the next day.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
