1 Day
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Sharjah24
Oil falls 3.9% to $88.58
Oil prices experienced a significant decline at settlement, as Brent crude dropped by 3.9% to $88.58 per barrel, the lowest level since August 14. U.S. West Texas Intermediate also fell by 3.1% to $82.36. This decrease occurred despite the new American sanctions on Iran, with traders considering that economic pressure has less impact on supply than military escalation. Markets were adversely affected by reduced demand and investor concerns.
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