Oil prices at their lowest levels since 2021
Brent crude oil's price dropped by 15% in a week, reaching $70.50 a barrel, the lowest price point since December 2021. This decline is happening amid a US/European banking crisis. Goldman Sachs Group analysts have cancelled their $100-a-barrel prediction for this year. Considering the speed and volume of the sell-off, it can be assumed that BRN's downtrend will continue.
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