MOSCOW, Aug. 1 World oil prices continue to decline on Tuesday evening, correcting after a rally in July, according to trading data.
As of 18.42 Moscow time, the price of October futures for Brent crude oil decreased by 0.82%, to 84.73 dollars per barrel, September futures for WTI — by 0.87%, to 81.06 dollars. Earlier in the day, prices for both brands were down 0.43% and 0.54%, respectively.
Oil prices are being corrected after a strong growth in July, according to the results of the month, Brent rose by 14.1%, WTI — by 15.8 %. For both brands, this was the highest monthly increase since January last year.
Investors also reacted to macroeconomic data. On Tuesday, the American Institute for Supply Management (ISM) published an index of business activity in the US industry. In July, the figure increased to 46.4% from 46% in June, while analysts had expected growth to 46.8%.
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