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Oil prices drop almost 1 percent on concerns recession may be looming
Oil prices dropped by almost 1 percent on Monday, with concerns recession could be looming outweighing supply disruptions from OPEC's production cutbacks and from U.S. sanctions on Iran and Venezuela.
Brent crude oil futures were at $66.56 per barrel at 0410 GMT, down 47 cents, or 0.7 percent, from their last close.
U.S. West Texas Intermediate (WTI) futures were at $58.52 per barrel, down 52 cents, or 0.9 percent, from their previous settlement.
Both crude oil price benchmarks have slumped by more than 3 percent since last week hitting their highest since November 2018.
For More Information Contact Us-9719026661
https://api.whatsapp.com/send?phone=919720003255
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Oil prices drop almost 1 percent on concerns recession may be looming
Oil prices dropped by almost 1 percent on Monday, with concerns recession could be looming outweighing supply disruptions from OPEC's production cutbacks and from U.S. sanctions on Iran and Venezuela.
Brent crude oil futures were at $66.56 per barrel at 0410 GMT, down 47 cents, or 0.7 percent, from their last close.
U.S. West Texas Intermediate (WTI) futures were at $58.52 per barrel, down 52 cents, or 0.9 percent, from their previous settlement.
Both crude oil price benchmarks have slumped by more than 3 percent since last week hitting their highest since November 2018.
For More Information Contact Us-9719026661
https://api.whatsapp.com/send?phone=919720003255
www.RoyalTraders.co
Best Accuracy Of Royal Traders
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