International oil prices experienced a significant decline on August 4. By the close of trading that day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange fell by $4.57 to $75.77 per barrel, a decrease of 5.69%. Brent crude oil futures for October delivery on the London Exchange dropped by $4.41 to $79.36 per barrel, a decrease of 5.26%. This price correction was mainly driven by multiple bearish factors, with heightened market concerns over crude

International oil prices experienced a significant decline on August 4. By the close of trading that day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange fell by $4.57 to $75.77 per barrel, a decrease of 5.69%. Brent crude oil futures for October delivery on the London Exchange dropped by $4.41 to $79.36 per barrel, a decrease of 5.26%. This price correction was mainly driven by multiple bearish factors, with heightened market concerns over crude

智通财经2026/08/04 20:12

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

International oil prices experienced a significant decline on August 4. By the close of trading that day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange fell by $4.57 to $75.77 per barrel, a decrease of 5.69%; the London Brent crude oil futures price for October delivery fell by $4.41 to $79.36 per barrel, a decrease of 5.26%. This oil price correction was mainly driven by a combination of multiple bearish factors. Growing concerns in the market about crude oil demand, coupled with changes in expected supply, jointly contributed to this marked retracement in oil prices.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

You may also like

Crypto prices