Oil prices retreat on demand destruction fears, benchmarks off 4% for week - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Thursday, 8 September 2022

Oil prices retreat on demand destruction fears, benchmarks off 4% for week

The drop has come despite a small output cut by the Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, Russia's threat to cut oil flows to any country that backs a price cap on its crude, and a weaker outlook for U.S. oil production growth.

from Commodities-Markets-Economic Times
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