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Brent Crude Dives Below $80/bbl

OIL

Brent front month crude fell below $80/bbl, the lowest level since 21 July, as the focus shifts to global demand. Continued US and China demand concerns are weighing on prices, while supply concerns linked to the conflict in the Middle East have eased recently.

  • Brent JAN 24 down -2% at 79.97$/bbl
  • WTI DEC 23 down -2.2% at 75.67$/bbl
  • Gasoil NOV 23 down -2.5% at 835.25$/mt
  • WTI-Brent up 0.13$/bbl at -4.32$/bbl

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