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Oil prices

Oil Prices Dip Amid Strong Dollar and Shifting Interest Rate Outlook

Oil prices witnessed a downturn this Monday, continuing the trend from the previous session. This decline comes in the wake of a strengthening dollar, fueled by evolving speculations around U.S. interest rates. Such financial adjustments have been a significant factor in restraining the growth of global fuel demand. Brent crude futures experienced a slight drop of 14 cents, settling at $81.48 a barrel, while West Texas Intermediate crude futures saw a decrease of 22 cents, closing at $76.27 a barrel. The…