Oil prices fell on April 9 due to Gaza ceasefire talks
Mint — April 9, 2024, 06:00 PM UTC
Summary: Oil prices fell on April 9 due to Gaza ceasefire talks, with Brent crude at $89.7 per barrel and WTI at $85.53. OPEC+ maintained output cuts, impacting global supply. Mexico and some OPEC countries are limiting production. Analysts predict oil to trade between $85-$95. Demand growth is expected at 1.9 million bpd in 2024. Concerns of Iranian involvement in the conflict could bolster prices.
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