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Oil: Prices are falling

14/03/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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The collapse of Silicon Valley Bank surprised stock markets and raised concerns about a new financial crisis. As a result, oil prices are falling.

Oil prices fell on Tuesday, extending the previous day's drop. Brent oil futures fell 9 cents to $80.68 per barrel at 0101 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 16 cents to $74.64 per barrel. On Monday, Brent fell to its lowest level since early January, while WTI fell to its lowest level since December.

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