Global energy markets remained under pressure on Tuesday, with crude oil prices extending losses for the second straight session. Brent crude slipped below $79 per barrel, while WTI crude also declined amid continued weakness in energy markets. Meanwhile, major global currencies traded mixed against the US dollar, with the euro and Australian dollar posting modest gains, while the Japanese yen and Chinese yuan weakened.
Key Market Highlights
- Crude Oil: WTI crude fell 1.95% to $74.29 per barrel.
- Brent Crude: Declined 1.51% to $78.16 per barrel.
- Natural Gas: Edged up 0.29% to $2.69/MMBtu.
- Coal: Slipped 1.25% to $130.85 per tonne.
- EU Gas: Declined 1.57% to €55.04/MWh.
Global Currency Watch
- EUR/USD: Rose 0.07% to 1.15396.
- GBP/USD: Gained 0.04% to 1.34570.
- AUD/USD: Advanced 0.05% to 0.70500.
- NZD/USD: Fell 0.28% to 0.58773.
- USD/JPY: Declined 0.26% to 157.326.
- USD/CNY: Eased 0.04% to 6.74520.
- USD/CAD: Added 0.05% to 1.40702.
Global Markets Today (August 5): Brent Falls Below $79, WTI Drops Nearly 2% as Energy Prices Weaken; Major Currencies Trade Mixed.
