Forex Trading Library

Oil Slumps to $70 as Demand Dries Up!

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Oil prices have tumbled to their lowest level of the year as concerns grow about new restrictions imposed on Russian energy.

The sharp drop in prices is mostly good news for consumers, signaling prices at the gas pump should continue their recent plunge.

With Brent also hitting yearly lows, is a turnaround plausible before the year’s end?

Timestamps
WTI 01:30
BRENT 02:55

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