11/8/2023, 7:02 PM (Source: TeleTrader)
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Oil continues to decline, down by almost 3%

The prices of oil futures decreased further on Wednesday on the persistent fears concerning demand in response to general economic uncertainty in large markets such as the United States and China. Meanwhile, the US reportedly posted a weekly increase in its crude inventories.

West Texas Intermediate for December's settlements sank by 2.84% at 12:48 pm ET to sell for $75.14 per barrel. At that minute, Brent for deliveries in January dropped by 2.74% to go for $79.30 per barrel, falling to the level under the $80-per-barrel benchmark for the first time since July.

Baha Breaking News (BBN) / JR