Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, 'Bearish' OPEC+ Meeting
Crude oil prices declined for the fifth consecutive session on Tuesday, with West Texas Intermediate (WTI) light crude, tracked by the United States Oil Fund (NYSE:USO), closing at $73.32. This marks the lowest level since Feb. 7, 2024. The recent decline in oil prices is primarily due to increasing concerns about economic growth and an OPEC+ decision on supply that was less restrictive than anticipated. The U.S. has reported a series of weaker-than-expected economic data over the past week, rai
Source: aol.com
