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

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Feb. 21, 2025 7:35 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, XLE, CDE, HL, SJT, OBE, DBO, UNG, FCG, USL, EFOI, UEC, SCO, UNL, BNO, LTBR, BOIL, KOLD, HBM, SEDG, GUSH, DRIP, SEI, USOI, CO1:COM, NG1:COM, GWH, SMR, PPTA, OKLO, CRMLBy: Carl Surran, SA News Editor
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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Crude oil futures closed Friday at their lowest settlement price this year, with both WTI and Brent benchmarks tumbling more than $2/bbl, fueled by near-term supply concerns and expectations that OPEC+ will postpone returning barrels to the market in April as planned.


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