Oil prices are crashing. Blame uncertain demand and booming US production

Oil prices are crashing. Blame uncertain demand and booming US production

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None US and Brent crude oil prices plummeted on Wednesday to $69 and $74 a barrel, respectively. • None Earlier this week OPEC+ announced deeper production cuts in an effort to stabilize markets. Ballooning global supply and an uncertain demand outlook is pulling oil prices lower, with US and…

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