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Oil prices fell for a fourth straight session on Thursday, settling at multi-month lows on US inflation concerns. Brent settled 54 cents lower at $81.36 and WTI fell 70 cents to $76.87.
Multi-month lows in crude reduce diesel and energy costs, though the move is driven by macro rate worries rather than physical supply changes.
reuters.comShariq KhanMay 23, 2024Not enough comparable past events yet for a historical read.
Not 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.
