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Oil: prices fall on Wednesday

08/05/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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While industrial data showed an increase in U.S. crude and fuel inventories and the U.S. dollar strengthened, signaling that oil demand is under pressure, oil prices have plummeted &

Wednesday.

Brent crude oil futures fell $1.11, or 1.3%, to $82.05 per barrel at 09:55 GMT. West Texas Intermediate crude futures in the United States fell by $1.15, or 1.5%, to $77.23 per barrel. Both benchmarks declined slightly in the previous session due to signs of easing in the supply crunch and weaker global oil demand

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