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Oil: slight drop in prices

13/08/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Today, oil prices fell slightly, interrupting a five-day streak of gains.

Brent oil futures, a global benchmark, fell by 41 cents, or 0.5%, to $81.89 per barrel at 0005 GMT. West Texas Intermediate crude oil futures fell to $79.63 per barrel, down 43 cents, or 0.5 percent. Brent rose more than 3% on Monday, while US crude futures rose by more than 4%. Markets are also preparing for the release of the US consumer price index on Wednesday, which will give a crucial indication of inflation, as investors now fear that an excessive fall in the CPI could fuel fears of a

slowdown.
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