Oil prices have eased from four-month highs, with Brent futures trading 0.9% lower at $85.44 a barrel and WTI futures dipping 1% to $82.02 per barrel. Despite this, WTI is on track for its third consecutive monthly gain, up 1% for August. The dip in prices comes after an attack on a key Russian oil export hub and extended production cuts by Saudi Arabia and Russia. Analysts predict that prices will be volatile in the coming years due to insufficient supply relative to demand, with some forecasting all-time highs and subsequent crashes.

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