Crude oil prices continued their slide on Wednesday as yet another banking catastrophe unsteadied the market further. WTI plunged 4.21% on Wednesday, falling below $70 for the first time since December 2021 to $68.33 per barrel at 10:10 a.m. ET. Brent Crude fell over 3.94% to $74.40, for a loss of $3.05 per barrel. This is a sharp loss on the day, and just an extension of the previous losses seen earlier in the week, as Credit Suisse’s largest backer—the Saudi National Bank—said it would not give the bank any more assistance…
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