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Oil Prices Decline Maintaining $40 Level

M. Ali 11 September, 2020 12:07 am Commodities, Market Update

Oil prices finished lower on Thursday after data showed a rise in US crude inventories, amid concerns about the outlook for global demand recovery.

Brent crude futures for November delivery declined by 73 cents, or 1.8%, and closed at $40.06 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for October delivery settled lower by 75 cents, or 2%, at $37.30 per barrel.

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