Is the oil market stuck in a rut?
Oil prices experienced another weak week, culminating in a 3% decline on Friday. West Texas Intermediate (WTI) crude closed at $73.55 per barrel, marking the third consecutive weekly loss. Brent crude also fell, ending the week at $76.93. For August, both benchmarks declined by 0.66%. The U.S. rig count remained unchanged at 483, according to […]
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