Oil prices fall over 5%
Oil prices continued their decline by over 5% today, Monday. Brent crude futures fell by $5.58, or 5.77%, reaching $91.20 per barrel by 22:04 GMT. Similarly, U.S. West Texas Intermediate (WTI) dropped by $4.91, or 5.50%, to $84.40 per barrel. This decrease comes amid a broader slump in the global oil market, amid growing concerns over weakened demand or a market balance after previous rises, following noticeable price increases in recent weeks.
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