Brent crude slipped toward $79 a barrel and is down more than 9% for the week. West Texas Intermediate for August was trading near $76 a barrel. This comes after tankers carrying previously stranded cargoes started moving through the waterway on Thursday, while Kuwait said it would begin increasing production.
Crude oil prices are experiencing a significant downturn, with Brent crude slipping towards $79 a barrel and West Texas Intermediate (WTI) trading near $76 a barrel. This decline marks a weekly loss exceeding 9% for Brent crude. The fall is attributed to the resumption of tanker…
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