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Oil drops as Russian price cap proposal eases tight supply fears

Oil trickled down on Thursday, hovering around two-month lows, as the proposed price cap on Russian oil from Group of Seven (G7) nations was considered higher than the current trading levels, alleviating concerns over tight supply.
A greater-than-expected build in U.S. gasoline inventories and widening COVID controls in China added to downward pressure.Brent crude futures dipped 21 cents, or 0.3%, to $85.20 a barrel by 0431 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell by 16 cents, or 0.2%, to $77.78 a barrel.https://theprofitgrowth.com/ , Crude/Natural Gas Tips, Mcx Advisory Company, Mcx tips provider, Mcx Trading, One day free demo, sure shot call, Technical Analysis, To Get Free Trial !!!Live Gold News With MCX Free Bullion Tips today, Bullion Trading Tips By theprofitgrowth.com Ring/Ping 7037171600 Just Do Your BEST Give Prime Focus BY https://THEPROFITGROWTH.COM