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Crude Hitting New Daily Lows

OIL

WTI has reached a new low of $75/b Nov. 8, with Brent reaching $79.24/b, although current prices have ticked up slightly from the current intraday low.

  • The fall is being driven by continued concern over the demand outlooks in major markets such as the US and China
  • Brent JAN 24 down -2.79% at 79.33$/bbl
  • WTI DEC 23 down -3% at 75.06$/bbl

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