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Oil dropped slightly as FED rate hikes overshadow political tensionOil dropped slightly as FED rate hikes overshadow political tension |
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International benchmarks for crude oil dropped slightly on Thursday, 27 January 2022 as investors took a step back to assess the market outlook on the prospect of the US FED is tightening monetary policies.
Brent dropped 62 cents to close at $89.34/barrel.
WTI fell 74 cents to close at $86.61/barrel.
