Oil Slips With Energy Prices in Europe Halting Record Rally - Bloomberg

Oil dipped toward $72 a barrel in New York after prices of energy commodities in Europe halted a record-breaking run. 

West Texas Intermediate futures fell 0.6%, having reached the highest intraday level since early August on Wednesday. A rally in European gas and power prices to unprecedented levels was set to end as industries were starting to curb consumption. The surge in energy rates could temporarily boost diesel demand by as much as 2 million barrels a day as consumers switch fuels, according to Citigroup Inc. 

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September 16, 2021 at 06:42AM
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Oil Slips With Energy Prices in Europe Halting Record Rally - Bloomberg
"oil" - Google News
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