Oil declines over a dollar on rising supplies
Oil prices declined today as supplies through maritime routes increased, with Brent crude falling by $1.03, or 1.2%, to reach $88 per barrel, and West Texas Intermediate (WTI) dropping by $1.50, or 1.8%, to $82.09 per barrel. Despite the decrease, prices are on track for a monthly gain of nearly 20% for both benchmarks, amid ongoing ample supplies in the market.
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