2023-06-26 01:36
Oil prices dive on central banks' monetary tightening
NEW YORK, June 22 -- Crude oil futures prices plunged on Thursday due to monetary tightening actions or signals from multiple central banks. The West Texas Intermediate (WTI) for August delivery shed 3.02 U.S. dollars, or 4.16 percent, to settle at 69.51 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery lost 2.98 U.S. dollars, or 3.86 percent, to settle at 74.14 U.S. dollars a barrel on the London ICE Futures Exchange. WTI oil pulled back below the level of 70 U.
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