LONDON, Aug. 24 -- The retreat is orderly, which is the interesting part. Oil prices today, Monday, August 24, 2026, have Brent crude at $93.21 a barrel and West Texas Intermediate at $85.66, down from Friday's close of $94.39 and $86.64 as traders bank profits from last week's run.

Both contracts posted a second straight weekly gain last week, more than five per cent, while talks between Washington and Tehran went nowhere. Nothing about the supply picture has improved since then. What has changed is that a lot of people were sitting on two weeks of gains going into a Monday.

Oil Prices Today: Crude Benchmarks, August 24, 2026

Crude Oil Price Today: The Spread Barely Moved

Here is the number nobody quotes. Brent minus WTI at Friday's ...