Oil Prices Head Lower As Traders Take Profits ...Middle East

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Oil Prices Head Lower As Traders Take Profits
source : OILPRICE ( Middle East ) () 15
Crude oil began the week with a decline as traders took profits from last week’s rally and settled down to wait for market forecasts due this week by OPEC and the International Energy Agency. At the time of writing, Brent crude was trading at a little over $84.50 per barrel while West Texas Intermediate had slipped below $80 and was changing hands for about $79.30 per barrel. Last week, crude oil booked its sharpest weekly price rise since last October, largely on expectations of a demand rebound in China after the country reversed its zero-Covid…

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