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Jun 10, 2026

Brent crude fell about 18 per cent from its May peak to $91.19/barrel by June 10, while WTI dropped nearly 16 per cent to $87.78/barrel. Demand concerns, following the EIA’s lower 2026 oil consumption outlook and slower global growth expectations, outweighed Hormuz-related supply...

Crude slides 18% from May as demand fears overtake Hormuz supply shock
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