Oil prices drop 2%

Oil Prices Drop 2%

UrduPoint

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Oil Prices Fall Sharply

Crude oil benchmarks experienced a significant drop of nearly 2% during early Wednesday trading, continuing a downward trend that began the previous session.

  • Brent Crude: $86.80 per barrel (down $1.78 or 2%)
  • US West Texas Intermediate: $80.87 per barrel (down $1.49 or 1.8%)

This weakness follows heavy selling pressure on Tuesday, with both major contracts posting losses exceeding 3%.

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