Oil Prices Continue Losses.. U.S. Crude Falls Below $70 a Barrel

  • International
  • 31 May 2023
1

Oil prices fell nearly 5 percent as concerns about the possibility of ratifying a U.S. debt ceiling deal undermined risk appetite, while mixed messages from major oil producers cast a shadow oversupply expectations ahead of their meeting days later.

Brent crude futures fell $3.71, or 4.81 percent, to $73.37 a barrel. U.S. West Texas Intermediate crude fell $3.4 to $69.27 a barrel, down 4.7 percent from Friday's close.

Source (Al-Arabiya.net Website, Edited)

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