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A significant decline has been recorded in crude oil prices on the international market.
The price of British crude oil fell by $2.45, bringing the rate per barrel down from $65.35 to $62.77. This marks a decrease of 3.76 per cent.
Similarly, the price of US crude oil dropped by $2.56. The rate per barrel declined from $61.78 to $58.95.
According to international experts, this fall in oil prices is due to reduced global demand and ongoing market instability.
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