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Crude Oil Prices Face Continued Downward Pressure

Oil prices slump as global demand weakens, supply increases; BCA suggests reducing exposure amid bearish outlook.

by Mark Eisenberg
Fri, Sep 13, 2024 5:11pm
in World
• 2 mins read
13.9k
Crude Oil Prices Face Continued Downward Pressure | FinOracle

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Crude Oil Price Decline: A Closer Look at The Causes

Crude oil prices are experiencing a significant decline, and analysts at BCA Research warn that this trend may persist. This shift marks a stark departure from earlier, more optimistic forecasts. Key factors contributing to the drop in prices include revised demand forecasts and increased supply.

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