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  • Oil falls more than 3% on softening demand, oversupply concerns

Oil falls more than 3% on softening demand, oversupply concerns

News Technical Commodities/Futures Crude Oil Geopolitics Global Economy
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Oil prices dropped over 3% to a six-month low, driven by oversupply concerns and a surprise rise in U.S. consumer prices, hinting that the Federal Reserve might not cut interest rates soon.
Winkelmann

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