September 05, 2024

Brent crude falls to a 9-month record low: Markets in a state of uncertainty

Brent crude oil prices have dropped to $73.75 per barrel, a 9-month low, amid expectations of Libya resuming oil exports. The Libyan National Oil Corporation’s reduced production and political negotiations signal potential stabilization. At the same time, OPEC+ may reconsider its production cut plans. Uncertainty surrounding global oil demand, especially from China, adds volatility to the market. Analysts expect ongoing fluctuations in oil prices.

Link: https://energynews.pro/en/brent-crude-falls-to-a-9-month-record-low-markets-in-a-state-of-uncertainty/

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