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Brent oil price drop
Brent Crude Plunges to $72.4 Amid Oversupply: What’s Driving the Price Drop

Brent Crude Oil Price Decline On June 25, 2023, the price of Brent crude oil dropped to $72.4 per barrel, marking a 1.8% decrease from its closing level in February, when it stood at $72.48. This downturn was triggered by a surge in oil shipments from the Persian Gulf, leading to a short-term oversu...

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