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Oil prices plunge on deflated US interest rate cut expectations, OPEC+ decision

Oil prices plunge on deflated US interest rate cut expectations, OPEC+ decision

Jun 08, 2024, at 06:25 pm

New York/IBNS: Oil prices plunged on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest United States jobs data that lowered expectations that the Federal Reserve will cut interest rates soon, reports said.