- Oil prices fell again on Thursday, following Wednesday’s drop of as much as 6%.
- The sharp drop Wednesday followed weekly data from the Energy Department that indicated lower demand for gasoline.
- Oil prices soared roughly 30% over the last couple months leading up to the latest decline.
Oil prices declined further on Thursday, following the prior day’s roughly 6% plunge for both Brent and West Texas Intermediate crude.
Brent, the international benchmark, fell 1.4% to $84.59 a barrel, and US prices dropped 1.6% to $82.90. The retreat comes after prices had climbed 30% over the last couple months.
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