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Business / World Business

Oil prices record sharp decline

Published: 24 Jun 2025 - 08:03 pm | Last Updated: 24 Jun 2025 - 08:06 pm
File photo

File photo

QNA

Singapore: Oil prices fell sharply to their lowest levels in over a week on Tuesday.

Brent crude futures were down $2.08, or 2.9%, at $69.40 a barrel, after earlier tumbling more than 4% and touching its lowest level since June 11.

US West Texas Intermediate (WTI) crude declined $2.03, or 3.0%, to $66.48 per barrel, having dived 6% to its weakest level since June 9 earlier in the session.

oil prices fell over 7% at settlement in the previous session, after rallying to five-month highs.