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Brent crude drops below $97
Oil prices surged significantly two weeks ago, with Brent crude reaching their highest level since 2018, and it is expected to continue rising due to declining global inventories and increasing demand. However, Brent crude currently experienced a decline of 1.1%, falling below $97 per barrel, amid rising pressures on the market resulting from political fluctuations and supply uncertainties. Oil prices are expected to be heavily influenced by geopolitical developments and future production policies.
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