Brent crude losses widen to 3%, trading at $80.57/bbl. WTI slips below $76/bbl, down 3.57% on the day.

On Aug. 3 at the 46th COSPAR science assembly in Florence, Wang Jinsong of the China Meteorological Administration received the William Nordberg Medal, the first Chinese recipient since the award’s 1988 inception; he was also honored with an asteroid name. Wang is director of the National Satellite Meteorological Center (National Space Weather Monitoring and Warning Center) and chief designer of the Fengyun meteorological satellite program; the award reflects international recognition of China’s advances in space science and space‑weather operations, which Wang and his team helped develop from minimal capability to an internationally leading position.

Brent crude up 2.00% intraday at $84.73/bbl.