Crude Oil Prices Reached its Lowest Level in Six Weeks at $97 per Barrel

For the first time, crude oil prices decreased to its lowest level in six weeks as it reached below $97 since the 19th of December. The decline is attributed to low demand and increasing oil inventories. March delivery of light, sweet crude oil prices fell by 1.3% or $1.25 to end at $96.36 per barrel in the New York Mercantile Exchange. In the past five sessions, the contract has declined by...
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