Oil dropped alongside other financial assets and commodities as crude’s sizzling rally to a seven-year high ran out of steam.
Futures in New York slumped more than 3%, before paring losses to trade near $85 a barrel, as stock markets and raw materials including copper declined. Crude has gained more than 10% so far this year, despite weakness in equities as monetary policy tightens.
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January 21, 2022 at 06:45AM
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Oil Prices for Jan. 21, 2022: Brent Crude, WTI - Bloomberg
"oil" - Google News
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