Oil costs fell, heading for a monthly loss in August, amid concerns over worldwide oversupply and growing geopolitical tensions, led with the aid of US movements to end the battle in Ukraine.
Brent crude for November transport traded near $sixty eight a barrel, dropping approximately five% of its price at some stage in the month, while West Texas Intermediate crude fell towards $sixty four.
This decline is driven through investor concerns that international elements will exceed demand ranges in the coming quarters, that could cause a renewed buildup of oil inventories.
