Oil has become relatively cheaper on world markets.
elchi reports that August futures for WTI crude oil on the New York NYMEX commodity exchange fell by 0.02 USD or 0.03%, reaching 68.67 USD per barrel.
On the ICE London exchange, the price of September futures for Brent crude oil decreased by 0.17 USD or 0.24%, falling to 71.95 USD.
Analysts note that the decline in oil prices was influenced by the cautious stance of market participants regarding the pace of global economic growth and the outlook for energy demand.