Oil hits lowest in over a week
Today’s report focuses on the decline in oil prices to their lowest levels in over a week, with Brent dropping to $101.71 per barrel, a decrease of $2.16, or 2.08%. Meanwhile, West Texas Intermediate crude fell to $98.15, down roughly $2.15 or 2.14%. This decline results from factors such as rising inventories and global demand forecasts, which are pushing oil prices downward and impacting global markets.
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