Crude oil drops to YTD low as OPEC anticipated to delay deliberate manufacturing hike

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Feb. 21, 2025 7:35 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COM, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , By: Carl Surran, SA Information 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.

SlavkoSereda/iStock by way of Getty Photos

Crude oil futures closed Friday at their lowest settlement worth this 12 months, with each WTI and Brent benchmarks tumbling greater than $2/bbl, fueled by near-term provide considerations and expectations that OPEC+ will postpone returning barrels to the market in April as deliberate.

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