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[size=35][size=35]Oil prices are falling again[/size][/size]
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2022-06-13 | 02:21
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Brent crude futures fell $2.06, or 1.7 percent, to $119.95 a barrel by 00:33 GMT, while US West Texas Intermediate crude recorded $118.54 a barrel, down $2.13, or 1.8 percent.
Prices fell after Chinese officials warned on Sunday of a "vicious" outbreak of corona in the capital, and announced plans to conduct mass testing in the capital.[You must be registered and logged in to see this link.]Until Wednesday.
Fears of an interest rate hike after a sharp rise in US inflation data on Friday also put pressure on global financial markets.
Both world benchmarks rose more than one percent last week, after data showed the strength of demand for oil in the United States, the world's largest oil consumer, despite inflation fears and hope that consumption may rise in the[You must be registered and logged in to see this link.], the second largest oil consumer in the world, after lifting the closure measures from the first of June.
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2022-06-13 | 02:21
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825 views
Oil prices fell more than $2 on Monday, after a surge in coronavirus cases in the Chinese capital dashed hopes of a rapid increase in China's demand for fuel, while concerns about global inflation and economic growth further depressed the market.
Brent crude futures fell $2.06, or 1.7 percent, to $119.95 a barrel by 00:33 GMT, while US West Texas Intermediate crude recorded $118.54 a barrel, down $2.13, or 1.8 percent.
Prices fell after Chinese officials warned on Sunday of a "vicious" outbreak of corona in the capital, and announced plans to conduct mass testing in the capital.[You must be registered and logged in to see this link.]Until Wednesday.
Fears of an interest rate hike after a sharp rise in US inflation data on Friday also put pressure on global financial markets.
Both world benchmarks rose more than one percent last week, after data showed the strength of demand for oil in the United States, the world's largest oil consumer, despite inflation fears and hope that consumption may rise in the[You must be registered and logged in to see this link.], the second largest oil consumer in the world, after lifting the closure measures from the first of June.
[You must be registered and logged in to see this link.]
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