Oil plunges after Fed and OPEC+ sound alarms on long-term demand weakness

Business Insider


· *Oil contracts sank on Thursday after gloomy commentary from the Federal Reserve and OPEC+ weighed on hopes for a market recovery.*
· *West Texas Intermediate crude fell as much as 3.3%, to $41.50 per barrel. International benchmark Brent crude dropped 3%, to $44.02 per barrel, at intraday lows.*
· *Fed officials...

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