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Price of Brent oil down below $76 per barrel on London’s ICE

Brent crude oil futures on London's ICE have dropped below $76 per barrel for the first time since March 2, 2026, according to trading data from TASS. The price later fell further below $71 per barrel on July 2, marking another multi-month low. WTI crude also declined in parallel trading.

By Tertius News AI Desk 1 outlet · 3 articles Version 1 Coverage Jun 24 – Jul 2, 2026 Published Aug 15

Lead

Brent crude oil futures on London's ICE fell below $76 per barrel on Tuesday for the first time since March 2, 2026, according to trading data reported by TASS. The decline extended a recent slide in oil prices, with the benchmark later dropping below $71 per barrel in early July.

Coverage comparison

TASS, the Russian state news agency, reported the price movements in three separate updates.

In its first report, TASS said Brent futures for August 2026 delivery were down 1.48% at $75.94 per barrel as of 6:01 a.m. Moscow time. Minutes later, at 6:06 a.m. Moscow time, the contract had narrowed its losses to 1.1%, trading at $76.23 per barrel. During the same session, West Texas Intermediate (WTI) crude futures fell 2.07% to $72.33 per barrel.

In a subsequent update, TASS reported that Brent futures had fallen below $74 a barrel, down 4.87% at $73.94. The same report noted WTI futures lost 3.8% to $70.43 per barrel.

A further report from TASS, dated July 2, said Brent crude futures had dipped below $71 per barrel for the first time since February 27, 2026. At 3:04 a.m. Moscow time, Brent was down 0.94% at $70.90 per barrel. By 3:06 a.m. Moscow time, it had recovered slightly to $71.03, down 0.75%.

Key Claims

Brent crude oil futures fell below $76 per barrel for the first time since March 2, 2026, according to trading data reported by TASS.
The Brent contract traded at $75.94 per barrel, down 1.48%, before narrowing losses to $76.23 per barrel, down 1.1%.
Brent later dropped below $74 per barrel, declining 4.87% to $73.94.
In a separate session, Brent fell below $71 per barrel for the first time since February 27, 2026, reaching $70.90 per barrel, down 0.94%.
West Texas Intermediate (WTI) futures declined 2.07% to $72.33 per barrel in one report and 3.8% to $70.43 per barrel in another.

How this outlet told it

TASS — English as of Jun 24, 2026, 4:30 AM UTC

Framing: Neutral — Informative

Facts Included:

Brent crude oil price fell below $76 per barrel
Price was down by 1.48% at $75.94 a barrel
Price narrowed losses to 1.1% reaching $76.23 per barrel
WTI crude oil price was down by 2.07% at $72.33 per barrel

Read the source article →

TASS — English as of Jul 2, 2026, 1:30 AM UTC

Framing: Neutral — Informative

Facts Included:

Brent crude futures fell below $71 per barrel
Brent crude was down 0.94% at $70.90 per barrel
Brent was trading at $71.03 per barrel, down 0.75%

Read the source article →

TASS — English as of Jun 24, 2026, 2:30 PM UTC

Framing: Neutral — Informative

Facts Included:

Brent crude futures dropped below $74 a barrel
Brent futures edged down by 4.87% to $73.94 per barrel
WTI futures lost 3.8% to $70.43 per barrel

Read the source article →

What was claimed, and who backed it

Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status counts the distinct outlets we found asserting it — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.

Claim	Confidence	Status
ClaimThe price of futures contracts of Brent crude oil fell below $76 per barrel for the first time since March 2, 2026.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 24, 2026, 4:30 AM UTC
ClaimThe Brent price was down by 1.48% at $75.94 a barrel.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 24, 2026, 4:30 AM UTC
ClaimThe price of Brent had narrowed losses to 1.1% reaching $76.23 per barrel.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 24, 2026, 4:30 AM UTC
ClaimThe price of futures contracts of WTI crude oil was down by 2.07% at $72.33 per barrel.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 24, 2026, 4:30 AM UTC
ClaimBrent crude futures fell below $71 per barrel for the first time since February 27, 2026.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jul 2, 2026, 1:30 AM UTC
ClaimBrent crude was down 0.94% at $70.90 per barrel.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jul 2, 2026, 1:30 AM UTC
ClaimBrent was trading at $71.03 per barrel, down 0.75%.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jul 2, 2026, 1:30 AM UTC
ClaimBrent crude futures dropped below $74 a barrel on London-based ICE for the first time since February 27 of this year.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 24, 2026, 2:30 PM UTC
ClaimBrent futures edged down by 4.87% to $73.94 per barrel.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 24, 2026, 2:30 PM UTC
ClaimWTI futures lost 3.8% to $70.43 per barrel.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 24, 2026, 2:30 PM UTC

Transparency & Audit Trail

1 outlet · 3 articles consulted: TASS — English 10 claims extracted Version 1 Written 2026-08-15