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Crude Oil Drops Over 2% as Profit-Taking Pressures Energy Stocks

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Crude oil prices dropped over 2% as traders secured profits following a multi-week rally, awaiting details on expanded U.S.
  • sanctions against Iran.
  • The pullback weighed heavily on energy and oilfield service equities despite lingering Middle East supply risks.
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BRENT price history

104.61 +64.07% over the displayed period

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