💨 Abstract
Oil prices declined slightly on Tuesday due to diminishing optimism about demand, although reduced supply from Russia and Iran due to sanctions limited losses. Brent futures dropped 0.33% to $76.05 a barrel and U.S. WTI crude fell 0.60% to $73.12. This weakness is attributed to a technical correction in response to global economic data that is less optimistic.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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