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(01 Oct 2024, 15:37)

Oil slips near three week low

WTI Crude oil prices slipped near $67 per barrel on Monday, adding to recent losses and testing around three week low. Oil has posted a 17% loss for the third quarter. Markets remain broadly supported on fears that a widening conflict in the Middle East could hurt crude supply. The commodity saw a 9% drop in September, its biggest monthly decline since November 2022, and after falling a third consecutive month.
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