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Oil Prices Plunge Amid Ongoing Russia-Ukraine Tensions

8/27/2025

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Summary

Story summary

On August 26, 2025, oil prices dropped over 2% following a nearly 2% increase, amid the Russia-Ukraine conflict and equity market risk aversion.
Brent crude closed at $67.22; West Texas Intermediate settled at $63.25.
U.S. sanctions on Russia and Ukraine's strikes on Russian energy infrastructure impact supply.
Analysts forecast Brent prices to range between $65 and $74 in the medium term.

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Story summary

On August 26, 2025, oil prices dropped over 2% following a nearly 2% increase, amid the Russia-Ukraine conflict and equity market risk aversion.
Brent crude closed at $67.22; West Texas Intermediate settled at $63.25.
U.S. sanctions on Russia and Ukraine's strikes on Russian energy infrastructure impact supply.
Analysts forecast Brent prices to range between $65 and $74 in the medium term.