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Market Impact: 0.58
Crude Oil Prices Pressured as G7 Nations Release Strategic Reserves
Source: Nasdaq
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & War
November WTI crude settled down $1.76, or 1.90%, while November RBOB gasoline fell $0.0902, or 2.65%, on Friday. The decline followed a G7 announcement that it will release up to 100 million barrels of crude oil and diesel supplies, increasing near-term available supply and pressuring energy prices.
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