Oil Price Today (July 30): Crude oil dips below $90 after 8% surge on Wednesday. Here’s why

Wait 5 sec.

Brent crude futures were down $1.29, or 1.42%, at $89.45 a barrel. U.S. West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to $83.90 a barrel.