News › Markets  ·  28 Aug 2026, 7:50 AM IST  ·  4 days ago

Oil Price Today (August 28): Crude oil falls over 5% this week despite Trump rejecting terms of Iran deal. What are experts saying?

Bias: Neutral 0

In one line — Brent crude futures fell 50 cents, or 0.6%, to $89 a barrel, while West Texas Intermediate crude futures declined 42 cents, or 0.50%, to $83. Brent was on track to lose 5.3% for the week, while WTI was set to fall 4.3%.

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Source: Economic Times · AI-summarised by Anadi · Updated 28 Aug 2026, 9:00 AM IST

What Happened

Brent crude futures fell 50 cents, or 0.6%, to $89 a barrel, while West Texas Intermediate crude futures declined 42 cents, or 0.50%, to $83. Brent was on track to lose 5.3% for the week, while WTI was set to fall 4.3%.