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Commodities

Oil Prices Plunge on September 11

Guavy AI Editorial Team
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Oil
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Oil prices took a hit on September 11, with both WTI Crude Oil (Light Sweet) and Brent Crude Oil experiencing significant declines. The NYMEX Stock Exchange saw WTI Crude Oil drop by 3.26% to $100.05 per barrel, while the London Intercontinental Exchange (ICE) reported a 4.09% decrease in Brent Crude Oil prices to $104.32 per barrel.

The NYMEX is a leading futures market founded in 1882 and specializes in oil futures trade. The ICE, on the other hand, is a London-based options exchange that operates globally. Both exchanges are major players in the global energy market.

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