Oil Drops as Market Awaits More Details from EU Summit

Crude oil prices plunged with the front-month WTI contract falling, for the first time in 4 days, to 90 before settling at 90.2, down -3.19%, while the equivalent Brent crude contract fluctuating with the recent range of 108-112 and ending the day at 108.91, down -1.81%. Gold price strengthened for 4 consecutive days, signaling safe-haven remained despite bullish sentiment towards the EU summit.

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Oil Drops as Market Awaits More Details from EU Summit