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Commodity: falling oil prices

19/01/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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Oil prices fell at the end of this week. Geopolitical tensions and disruptions in American oil production due to a cold spell were offset by concerns about slower demand growth in China

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West Texas Intermediate (WTI) oil futures slid 3 cents to $74.05, while Brent oil futures lost 17 cents, or 0.2%, to $78.93 per barrel at 0151 GMT. Both references, which gained around 2%, are on track to end the week with an increase of around 1% to 2%.

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