Crude Oil Prices Plummet Over 3% Amid Surplus and Weakening Demand
Global crude oil prices have fallen over 3% in recent days. The Brent rate has decreased by $1.65, while the Murban rate has declined by $0.45.
The drop comes amid a surplus of oil supply and rising concerns about demand. Analysts are pointing to a weak economic outlook as one of the main factors contributing to this decline.