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Oil: slight change in prices

26/07/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Ce vendredi, les Oil prices have changed little but are on track for a third consecutive weekly decline

Brent crude oil futures for September fell 1 cent to $82.36 per barrel at 07:44 GMT. American West Texas Intermediate crude oil for September fell 6 cents to $78.22. Benchmarks have lost around 5% in the last three weeks. Brent is trading slightly lower this week, while WTI is down by more than 2%. However, according to Tamas Varga, a petroleum analyst at PVM, the drop in oil prices was limited by threats to production caused by forest fires in Canada, by a significant drop in crude inventories in the United States, and by the continuing hope of lower American interest rates in September after

solid economic data.
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