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Brent Crude Slides Below $72 Amid Growing Supply Pressure
Global Economy
•July 6th, 2026

Brent Crude Slides Below $72 Amid Growing Supply Pressure

Brent crude fell below the $72 per barrel threshold on Monday, reaching its lowest level since late February. The decline is linked to a gradual return of oil flows through the Strait of Hormuz and the announcement that OPEC+ members will modestly increase their production quotas.

Nine OPEC+ countr...

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