Brent Oil Price Falls 16% to $104

IranGate
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Brent Oil Price Falls 16% to $104

The price of Brent crude oil dropped by 16% to $104.

The Wall Street Journal reported that despite ongoing risks to shipping, oil prices have taken a downward trend due to signs of improved crude oil supply from the Middle East and forecasts of decreased demand.

According to this report, Brent crude oil futures contracts for delivery in December fell by 16% to $104.39 per barrel.

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