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Sharjah24
Oil falls 4% to three-week low
Oil prices declined by approximately 4% today, Tuesday, reaching their lowest levels in three weeks. Brent crude fell to $80.66 per barrel, while West Texas Intermediate dropped to $76.76. This drop followed both contracts reaching intra-day highs of $86.33 and $82.33, respectively, before decreasing to their lowest points since July 13. The decline is attributed to pressures from geopolitical tensions and market volatility.
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