According to exchange trading data, WTI crude oil dropped by 5.95%, settling at $79.63 per barrel, while Brent crude fell by 5.20% to $83.36 per barrel.

Meanwhile, the price of Urals crude saw a slight decrease (-0.97%), reaching $84.56 per barrel.

Notably, it was previously reported that seven OPEC+ nations, including Kazakhstan, Saudi Arabia, and Russia, agreed to increase oil production by 188,000 barrels per day starting in September 2026.