Tag: deepen
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Crude oil prices deepen their losses by more than 4%… and Brent is below $73 – (update)
Crude oil prices deepened their losses to more than 4%, at the end of trading today, Wednesday, May 3 (2023), to continue bleeding losses for the third consecutive session. This comes amid investor concerns about a global economic recession, after the Federal Reserve raised interest rates by a quarter of a percentage point. Crude oil…