Oil Prices Dip as Supply Rises

On January 24, 2024, a surge in oil production from the United States, Libya, and Norway led to a slight fall in oil prices. Brent crude dropped to $79.55 per barrel, a 0.6% decrease. Similarly, U.S. West Texas Intermediate crude fell to $74.37 per barrel, down 0.5%. This price drop directly resulted from increased production, […]

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