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2022 April 25   09:13

Crude oil futures decrease as demand is expected to reduce

Crude oil prices fell by 3.02%-3.06%

As of 25 April 2022, 07:35 (UTC+3), Brent Crude futures for June settlement were trading 3.02% lower at $102.94 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for June delivery on the New York Mercantile Exchange fell by 3.06% to $98.95 a barrel.

Crude oil futures are decreasing amid growing concerns over reduction of the demand for the commodity as COVID-19 expands in China.

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