Brent Falls Below $100, Erasing Ukraine War Gains ...Middle East

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Oil prices dipped by more than 4% early on Monday, with Brent falling below $100 a barrel, as COVID-related lockdowns in China weighed on demand expectations, while the coordinated massive release from oil reserves eased fears of supply shortages. As of 8:05 a.m. ET on Monday, WTI Crude was down by 4.80% at $93.59, and Brent Crude was trading down by 4.50% at $98.18. Oil prices have now erased most of their gains since the start of the Russian invasion of Ukraine, after a month and a half of extremely volatile trading in which market participants…

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Last updated : 11 April 2022 clock 04:44 PM

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Brent Falls Below $100, Erasing Ukraine War Gains ...Middle East

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