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Japanese media: International crude oil prices fell to a six-month low, experts said or "excessive decline"

 Last Update: 2022-11-16
 Source: Internet
 Author: User

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According to the "Japan Economic News" website reported on August 8, as central banks raised interest rates one after another, the market's concerns about the world economic outlook continued to grow, and crude oil prices continued to fall
.
West Texas Intermediate crude futures fell to near $87 a barrel on Aug.
5
, the lowest since early February.
North American gasoline consumption is sluggish, and China's crude oil demand has also hit the brakes
.
Global inflation is likely to ease as crude oil prices fall, but uncertainty remains about the
economic outlook.

On August 5, the September contract for West Texas Intermediate crude futures, an international benchmark, fell to a low since February 3 near $87 a barrel, almost completely offsetting
the gains since the outbreak of the Russian-Ukrainian war.

A gas station
in Dubai, UAE, July 10.

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