Brent Crude Falls Below $79, Down 4%, First Time Since February

Brent crude oil prices have fallen below $80 a barrel for the first time since February, extending losses by over $2 a barrel. The price drop represents a nearly 4% decline, with Brent settling at $78.36 per barrel and WTI at $74.22 per barrel. Brent prices have also fallen below $79 per barrel, marking the lowest price since February 6. The decline in oil prices is significant, reflecting bearish market conditions and impacting OPEC.