Global crude oil prices weakened on Monday (August 11th) as supply concerns eased and hopes for diplomacy between the United States and Russia grew. Brent crude fell -0.37% to USD 66.19 per barrel.
Price pressure also stemmed from expectations of increased OPEC+ production, although actual output from several member countries remains limited due to technical constraints. The market is also monitoring the prospect of slowing global economic growth, which could potentially reduce energy demand.
Source: Newsmaker.id
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