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Crude oil prices crash 42% from April’s $126 peak. More downside coming?
Global oil markets are stabilizing after months of turmoil caused by the Strait of Hormuz closure and war damage. Crude prices have plummeted 42% from their April peak, with Brent falling below $73 a barrel, signaling a return to pre-conflict levels
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al-monitor.com
Oil falls below $74 as Hormuz traffic recovers after Iran war
Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.
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timesofindia.indiatimes.com
Crude below $75/barrel but will take time to return to pre-war levels
NEW DELHI: Crude oil prices fell below the $75-per-barrel mark on Wednesday as the Strait of Hormuz reopened but are yet to return to the pre-conflict levels of $65-70 a barrel.
