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August 16, 2025

Oil Prices Drop Over 1% as Brent and WTI Futures Decline

New york: Oil prices declined sharply at the close of trading Friday, with both Brent and West Texas Intermediate (WTI) futures ending the day down more than 1 percent. Brent crude futures dropped 99 cents, or 1.5 percent, to settle at $65.85 per barr…