Oil prices fall to lowest mark since 2021 ...News

Russia Today - Economy
Oil prices fall to lowest mark since 2021
source : Russia Today ( News ) () 34
Benchmark Brent has been trading below $70 as OPEC cuts its demand growth forecast Crude prices plummeted on Tuesday after OPEC cut its demand growth forecast for this year and the next, the producer group’s second consecutive downward revision. Global benchmark Brent was down 3.7%, at $69.08 a barrel as of 18:30 GMT. It marks the first time that Brent has been trading below $70 since December 2021. The US crude benchmark, West Texas Intermediate (WTI), nosedived over 4% at $65.72 per barrel. WTI crude futures hit their lowest levels since May 2023. OPEC said in a monthly report on Tuesday that world oil demand wo

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