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Price of Brent oil down below $83 per barrel on London’s ICE first since July 17
Brent crude oil futures for September 2026 delivery dropped below $83 per barrel on London's ICE, the first time since July 17, according to trade data. WTI futures showed mixed movement across two reporting periods.
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.
How this outlet told it
TASS — English
Framing: Neutral, focusing on price drop — Informative
Facts Included:
Brent crude oil price dropped by more than 7% for September 2026 delivery
Brent price was $89.58 a barrel at 1:01 a.m. Moscow time
Brent price was $91.87 per barrel at 7:45 a.m. Moscow time
WTI crude oil price was down by 5.34% at $84.54 per barrel for August 2026 delivery
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Claim
Confidence
Status
ClaimThe price of futures contracts of Brent crude oil for September 2026 delivery on London’s ICE has dropped by more than 7%.