Energy markets stabilize as oil prices decline
Oil prices experienced a decline during the week of June 22 to June 27, due to an increase in global supply and a reduction in concerns about demand growth for oil, as well as a decrease in geopolitical tensions related to supply. The average price of Brent crude was $76.79 per barrel, while West Texas Intermediate traded at $73.76, and OPEC basket averaged $79.48, with notable price drops during the same period.
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