Lead

Brent crude oil futures for September 2026 delivery fell below $83 per barrel on London's ICE on July 28, marking the first time the price has been at that level since July 17, according to trade data reported by TASS.

Coverage Comparison

TASS reported on two separate occasions. In a July 27 report, the agency noted that Brent futures had dropped by more than 7% on the previous day, with prices at $89.58 a barrel at 1:01 a.m. Moscow time and recovering slightly to $91.87 per barrel by 7:45 a.m. Moscow time. In a later report dated July 28, TASS said that Brent had slipped below $83 a barrel, showing $82.4 a barrel at 7:40 p.m. Moscow time and $83.1 a barrel at 7:45 p.m. Moscow time.

Key Claims

  • Brent crude oil futures for September 2026 delivery dropped by more than 7% on July 27, according to TASS.
  • On July 27, the Brent price was $89.58 a barrel at 1:01 a.m. Moscow time and $91.87 per barrel at 7:45 a.m. Moscow time.
  • On July 28, Brent futures for September 2026 delivery dropped below $83 per barrel, the lowest since July 17.
  • As of 7:40 p.m. Moscow time on July 28, Brent was down 6.32% at $82.4 a barrel, and as of 7:45 p.m., it was down 5.96% at $83.1 per barrel.
  • WTI crude oil futures for August 2026 delivery were down 5.34% at $84.54 per barrel on July 27, and up 0.4% at $78.71 per barrel on July 28, according to TASS.