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عين ليبيا
Oil prices fall due to higher supplies and weaker demand
Global oil prices declined during the week of August 3 to August 7 due to increased supplies, slowing demand growth, and rising inventories. The average Brent crude price reached $82.22 per barrel, while West Texas Intermediate averaged $78.29, and OPEC basket stood at $78.70. These changes are attributed to market balance factors, reflecting a state of uncertainty regarding future oil prices and the impact of sustained supplies and demand outlooks.
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