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Oil dips on profit taking after price crosses $85
short by Kalpesh / on Friday, 15 March, 2024
Oil prices edged lower on Friday but were on track to gain nearly 4% for the week as sharp declines in U.S. crude and fuel inventories, drone strikes on Russian refineries and a rise in energy demand forecasts buoyed prices.Lower interest rates cut consumer borrowing costs, which can boost economic growth and demand for oil.
read more at Investment Guru