Crude oil drops to YTD low as OPEC expected to delay planned production hike

MT HANNACH
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February 21, 2025 19:35 heUnited States Oil Fund, LP ETF (USO),, CL1: Com,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, By: Carl Surran,, Editor -in -chief of his news
Analysis of data on the basic product energy market: graphics and exposed quotes. US WTI crude oil price analysis. Superb drop in prices in the past 20 years.

Slavkosereda / Istock via Getty Images

Tower contracts on crude oil ended on Friday at their lowest payment price this year, with WTI and Brent references plumping over $ 2 / Bbl, supplied by short -term supply problems and expectations according to Which OPEC + will postpone the return barrels on the market in April as planned.

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