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Oil prices have tumbled almost 30% in 2 months. Here's why, and what could happen next

1 month ago   |   By Business Insider

Oil prices have fallen sharply since June. picture alliance/Getty Images
Oil prices have tumbled over the last two months, with Brent and WTI crude down more than 20% since June.
The three Rs help explain why: recession fears, resilient Russian production, and retreating demand.
Analysts are divided about what's next, with some predicting a rebound and others expecting the falls to continue.
Oil prices have come back down to earth after soaring in the wake of Russia's invasion of Ukraine, to the relief of politicians, companies, and drivers everywhere. WTI crude , the US benchmark oil...
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