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1. www.ft.com › content › 0a275aa9-14de-4a88-b6d0-25589Oil plunges $5 in biggest one-day drop in more than a year

   www.ft.com › content › 0a275aa9-14de-4a88-b6d0-25589

   Oct 4, 2023 · Oil prices plunged by more than $5 a barrel on Wednesday over concerns that sharp increases in borrowing costs caused by higher interest rates could dent economic growth.

   • Author: Jamie Smyth

2. finance.yahoo.com › news › oil-down-4-biggest-lossOil down 6% in biggest loss in a year; Gasoline build hijacks ...

   finance.yahoo.com › news › oil-down-4-biggest-loss

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   Oct 4, 2023 · The other driver for Wednesday’s spectacular price drop in crude was the seasonal slide in U.S. demand — a fact that seemed lost on those betting on the oil rally of the past quarter to...

3. www.reuters.com › business › energyOil prices extend rapid slide on demand worries | Reuters

   www.reuters.com › business › energy

   Oct 5, 2023 · Oil settled more than $5 lower on Wednesday - its biggest daily drop in over a year, even after a meeting of a ministerial panel of OPEC+, the Organization of the Petroleum Exporting...

4. www.cnn.com › 2023/12/11 › investingOil prices have been falling for seven weeks straight. Here’s why

   www.cnn.com › 2023/12/11 › investing

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   Dec 11, 2023 · New York CNN — US oil futures notched their seventh straight week of declines on Friday, marking their longest losing streak in five years. The prolonged drop comes as analysts worry about...

   • Author: Nicole Goodkind

5. finance.yahoo.com › news › oil-settles-at-lowestOil drops to 5-month low on concerns of oversupply, weak demand

   finance.yahoo.com › news › oil-settles-at-lowest

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   Dec 6, 2023 · Oil closed at its lowest level since June on Wednesday despite government data showing total crude inventories in the US dropped by 4.6 million barrels last week.

6. www.investopedia.com › why-oil-prices-falling-8678586Why Oil Prices Have Been Falling - Investopedia

   www.investopedia.com › why-oil-prices-falling-8678586

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   Jul 16, 2024 · Global oil prices fell for the third straight day, extending a drop of almost 5% since July 4. Growing concerns about weakening demand, particularly from China, have fed the decline.

7. People also ask

   Why did oil prices drop 5 a barrel?

   • Oil prices plunged by more than $5 a barrel on Wednesday over concerns that sharp increases in borrowing costs caused by higher interest rates could dent economic growth. Brent crude, the global benchmark, settled, $5.11 a barrel, or 5.6 per cent, lower at $85.81 a barrel after its sharpest decline since August 2022.

   Oil plunges $5 in biggest drop of the year as demand worries hit market

   www.ft.com/content/0a275aa9-14de-4a88-b6d0-25589efe07dd

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   Why did global oil prices drop 5% since July 4?

   • Global oil prices fell for the third straight day, extending a drop of almost 5% since July 4. Growing concerns about weakening demand, particularly from China, have fed the decline. Nonetheless, the U.S. raised its second-half 2024 oil price forecast last week.

   Why Oil Prices Have Been Falling - Investopedia

   www.investopedia.com/why-oil-prices-falling-8678586

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   Why did oil prices fall 2% on Thursday?

   • REUTERS/Maxim Shemetov Acquire Licensing Rights HOUSTON, Oct 5 (Reuters) - Oil prices fell about 2% on Thursday, extending the previous session's losses of nearly 6%, as worries about fuel demand outweighed an OPEC+ decision to maintain oil output cuts, keeping supply tight.

   Oil prices extend rapid slide on demand worries | Reuters

   www.reuters.com/business/energy/oil-prices-tick-up-after-opec-panel-maintains-output-cuts-2023-10-05/

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   Why are US oil futures falling?

   • Link Copied! David Zalubowski/AP US oil futures notched their seventh straight week of declines on Friday, marking their longest losing streak in five years. The prolonged drop comes as analysts worry about increased production around the globe and shrug off the Organization of the Petroleum Exporting Countries’ promises to limit supply.

   Oil prices have been falling for seven weeks straight. Here’s why - CNN

   www.cnn.com/2023/12/11/investing/premarket-stocks-oil-gas-prices/index.html

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   Will oil prices decline in December?

   • He also noted that seasonally, oil prices tend to decline in late December. Meanwhile, ADP employment data released Wednesday showed an increase of 103,000 jobs in the US last month, compared to expectations of 130,000. The prior month’s add-ons were revised down to 106,000 jobs, versus 113,000 previously reported.

   Oil drops to 5-month low on concerns of oversupply, weak demand

   finance.yahoo.com/news/oil-settles-at-lowest-level-since-june-on-concerns-of-oversupply-weak-demand-172719771.html

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   What happened to US oil in recent trading?

   • US oil tumbled 5.1% to $82.41 a barrel in recent trading. That’s the lowest intraday price since January 24. US crude is now down by more than one-third since briefly hitting $130 a barrel in early March. Brent crude, the world benchmark, dropped below $90 a barrel for the first time since February 8.

   Oil slides to fresh seven-month lows as selloff deepens

   www.cnn.com/2022/09/07/economy/oil-prices/index.html

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8. www.cnn.com › 2022/09/07 › economyOil slides to fresh seven-month lows as selloff deepens

   www.cnn.com › 2022/09/07 › economy

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   Sep 7, 2022 · New York CNN —. Oil prices dropped sharply on Wednesday, deepening a selloff that has already brought relief to drivers at the gas pump. US oil tumbled 5.1% to $82.41 a barrel in recent...