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Oil prices fell slightly as investors hopped on profit-takingInternational benchmarks for crude oil fell slightly on Wednesday, 19 July 2023 on profit-taking activities following the sharp gains in the previous session. |
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International benchmarks for crude oil fell slightly on Wednesday, 19 July 2023 on profit-taking activities following the sharp gains in the previous session. Investors shrugged off reports on tighter US crude supplies and China’s vow to boost its economy, underlining the lack of confidence in the near-term outlook.
Brent crude dropped 17 cents to $79.46/barrel.
US West Texas Intermediate inched down 40 cents at $75.35/barrel.
