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Oil Price Touches The Lowest In More Than A Year

Oil Price Touches The Lowest In More Than A Year

The world witnessed a fall in the oil price by nearly 5%, as the fears related to the crisis in the banking sector rose to fear of recession. Brent crude fell 4.1%, to $74.25 a barrel by 1333 GMT, after reaching $74.01 for its lowest since December 2021. U.S. West Texas Intermediate crude (WTI) fell…