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Oil prices slump after experiencing a joyride amid reduced output

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Oil prices slump after experiencing a joyride amid reduced output

timestampFeb 11, 2021 authorAlShorts Web Desk

Oil prices on Thursday fell following recent gains. Brent crude dropped by 40 cents or 0.7% to USD61.07 per barrel, while US crude fell to USD58.33 a barrel after witnessing a decline of 35 cents or 0.6%. On the other hand, crude oil stocks dipped by 6.6 million barrels to 469 million barrels, the Energy Information Administration reported.

Latest News

Anonymous hacks more than 300 Russian official websites

Biden pushes for co-ordinated approach to crypto oversight

Covid-19 pandemic is not over, warn experts

US man who got first pig heart transplant dies two months later

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