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Oil declines sharply Brent falls 7%
Oil prices fell sharply at the close of trading on Tuesday, losing about 7%, as a wave of selling pressure drove Brent crude to its lowest level in nearly three weeks, reaching $83.77 per barrel — the lowest closing level since July 13. Meanwhile, West Texas Intermediate (WTI) crude dropped to $80.34 per barrel. These declines occurred amid market attention to global developments and factors affecting oil prices.
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