Oil prices dropped for the third straight session due to a strong U.S. dollar and global economic concerns. Brent crude fell to $72.45 per barrel, while WTI crude dropped to $67.80.
WTI crude
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Oil prices witnessed a dramatic decline on Monday, June 3rd, marking their steepest one-day drop in several months. This comes amidst a confluence of factors, including a mixed decision by the oil producer group OPEC+ and anxieties about slowing global oil demand, particularly in the United States.
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Oil Markеt Rеacts to OPEC+ Mееting Postponеmеnt Thе global oil markеt еxpеriеncеd a noticеablе dip, with pricеs falling about 1% on Thursday. This downturn is attributеd to thе anticipation that…
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The escalating violence between Israel and Hamas has triggered a surge in oil prices, as fears of a wider regional conflict and potential disruptions to oil supply loom large. Brent…
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Oil prices rose for a third consecutive session on Monday, reaching their highest levels since November, as Saudi Arabia and Russia extended their supply cuts and China’s economic recovery boosted…