Oil falls below $100 to lowest price in two weeks

Oil falls below $100 to lowest price in two weeks

Oil prices fell again today, though they remain up over the year. 

The price of Brent crude oil, considered the global benchmark for global oil prices, opened at $99.24 a barrel today. The price last fell below $100 a barrel on July 12 and remained around there until July 15, when it went above $100 again. 

Oil prices are still up on the year, however. Brent crude traded at around $79 a barrel in January. In March, the price shot above $100 a barrel amid the Russian invasion of Ukraine and has mostly stayed at that level.