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LoginOil Prices Tumble More Than 4% to Below $81 a Barrel
New York, August 04 (QNA) - Oil prices tumbled nearly 4% Tuesday to a three-week low.
Brent crude futures for the nearest delivery month dropped $3.11, or 3.71%, to $80.66 a barrel, after hitting a session high of $86.33.
US West Texas Intermediate (WTI) crude tumbled $3.58, or 4.46%, to $76.76 a barrel after touching a session high of $82.33.
Both contracts fell to their lowest levels since July 13.
The two benchmark crude contracts had earlier risen more than 2% during the session due to uncertainty over the prospects of reaching a deal between the United States and Iran. (QNA)
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