Concerns are mounting among traders regarding the recent shift to a closing auction system, which has led to significant price volatility. Numerous market participants have reported unexpected losses, prompting authorities to engage with brokers to explore these issues. Despite regulators’ attempts to bolster trader involvement, the contentious pricing mechanism continues to stir debate within the financial community.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.
August 26, 2026