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Oil: falling prices

11/03/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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This Monday, the global benchmark Brent fell, falling below $82 per barrel. Ongoing geopolitical concerns in the Middle East and Russia are clashing with nervousness about the slowdown in demand in

China.

American West Texas Intermediate (WTI) futures fell 21 cents, or 0.2%, to $77.8, while Brent fell 12 cents, or 0.2%, to $81.96 per barrel at 07:23 GMT. Both benchmarks fell last week, with Brent down 1.8% and WTI down 2.5% due to bearish Chinese data that indicated a slowdown in demand in the world

number one.

Chinese crude oil imports increased in the first two months of the year compared to the same period in 2023, but they were lower than in previous months, according to data released on Thursday, according to data released on Thursday, continuing the trend of slower purchases by the world's largest buyer.

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