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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 06/Sep 08:20

WTI at 9-mo lows, hovers around $68.50

The benchmark West Texas Intermediate (WTI) trades around $68.60 in early Asian markets on Friday, hovering around 68.37 recorded on Thursday, the lowest since December 2023. Crude oil prices depreciate due to concerns over demand in both the United States and China. The US ISM Manufacturing PMI indicated that factory activity contracted for the fifth consecutive month, with the pace of decline slightly exceeding expectations. Additionally, the world’s biggest crude importer, China, showed that manufacturing activity fell to a six-month low in August, with factory gate prices dropping significantly. On Thursday, the US Energy Information Administration (EIA) reported a Crude

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WTI at 9-mo lows, hovers around $68.50

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WTI falls to $72.50 as OPEC+ plans to raise output

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