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Brent crude falls below $85 a barrel as Dollar rises

Adel 26 September, 2022 1:38 pm Commodities, Forex Market, Market Update

Brent crude fell below $85 a barrel Monday, September 26th, as recession fears weighed on the US dollar.

Brent crude futures fell to around $84.53 early in the day, before recovering to trade around $85.25, and West Texas Intermediate crude futures also retreated from their lowest levels to trade around $78.

On Friday, Brent and West Texas Intermediate futures fell about 5% to their lowest level since January.

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