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US oil prices fell below $90 a barrel for the first time since Russia's invasion of Ukraine. Elevated prices earlier in the year had strained consumers facing an energy crisis.
Falling crude reduces near-term energy and fuel cost pressure, though the price level is still high relative to pre-war norms.
nytimes.comAug 4, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
