Brent crude oil price for delivery in August decreased by 3.89% to $74.13 per barrel

Brent crude oil price for delivery in August decreased by 3.89% to $74.13 per barrel

The price of Brent crude oil, which serves as a reference for Angolan exports, for delivery in August, ended Thursday on the London futures market with a 3.89% decrease, reaching $74.13.

The unexpected half percentage point increase in the benchmark interest rate by the Bank of England has raised concerns about a reduction in oil demand growth, according to analysts.

This concern countered the optimism that had driven prices in the previous session, thanks to expectations of improved demand in the aviation sector.

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