Oil drops by over 1% 🛢️📉

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Oil continues its downward trend, driven by relentless pressure on prices due to significant and long-term surpluses of the commodity in the market. Some investors were waiting for the monthly OPEC report as a source of information to support demand, but these proved insufficient.

As a result, WTI and Brent oil contracts are losing about 1.4%.

OIL.WTI (H1)

Source: xStation5

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