Crude oil futures settles at $80.76 ...Middle East

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Crude oil futures settles at $80.76
The price of Crude oil fell -$1.15 or -1.30% to $80.76. The decline is attributed to weak growth in China, the world's No.1 oil importer, raising demand concerns.The expectations that former Pres. Trump will win the November may also be a contributor as he is pro-drill and critical of the Biden administration regarded drilling and regulation on drilling. China's economy grew by 4.7% in Q2, the slowest pace in five quarters, due to a debt crisis in the real-estate sector, slowing consumer demand, and high youth unemployment.The drop in oil prices persists despite rising hopes for a U.S. interest-rate cut (which can lead to higher demand and higher prices) after Federal Reserve Chair Jerome P

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