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Oil prices fall as prospect of further interest rate increases

Wed 01 Feb 2023, 10:29:38

New Delhi: Oil prices on Tuesday fell as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China.

In

intra-day trade, Brent crude was trading at 83 dollars and 95 cents per barrel while WTI crude price was at 76 dollars and 85 cents per barrel.

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