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Oil prices fell for the third day of a row, which muttered more than 3 percent of the lower-level three years as businesses react to negative signs for the negative signs for demonic need.
Brent Crude, the International Benchmark, fell to $ 68.68 on Wednesday, the lower since December 2021. The US Texas intermediate, the US Text in Texas, $ percentage to $ 65.27.
Movements arrived after the US Energy Infory Information Administration a much better expected raise of US crude wool Stocks, which increase concerns about a slowing economic activity after President Donald Trump has confirmed new Trade Tarffs this week in Canada, Mexico and China.
The drop added to the loss of Monday when Opec + hated the market by confirming this shortened plan by taking several production cuts in April. Cartel’s decision means eight members in the producer group, including Saudi Arabia And Russia, increases production through a combined 2.2mn barrels a day in the next 18 months.