The price of Brent crude oil for August delivery closed today on the London futures market, falling by 0.24% to $67.61.
The North Sea crude, a benchmark in Europe, ended the session on the Intercontinental Exchange trading at 16 cents below the $67.77 it finished transactions with on Friday.
The drop in price reflected ongoing uncertainty about global demand amid signs of economic slowdown in various world regions.
However, despite geopolitical tensions in the Middle East pressuring prices upward, the increase in U.S. production and the strength of the dollar dominated the day’s final balance.
