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October 16, 2025

Oil Prices Drop to Five-Month Low on Oversupply Fears

Doha: Oil prices fell to their lowest levels in five months on Wednesday, amid mounting concerns over a potential supply glut in 2026. Brent crude futures settled down 48 cents, or 0.8%, at US$ 61.91 per barrel, while West Texas Intermediate (WTI) fel…

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