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Oil: falling prices

26/01/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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At the start of the day, oil prices fell. They are expected to end the week higher thanks to positive economic data from United States and China and a reduction in crude oil inventories in the United States

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American West Texas Intermediate crude fell 41 cents, or 0.5%, to $76.95. Brent oil futures lost 32 cents, or 0.39%, to $82.12 per barrel at 01:15 GMT. The Brent benchmark was expected to end the week with a rise of 4.5%, while the American benchmark was expected to rise by 4.8%. Both were on track for their second consecutive week of increase.

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