Central Banks vs. Skyrocketing Oil: Who Wins?

Oil prices fell about 2% on Thursday, extending the previous session's losses of nearly 6%, as worries about fuel demand outweighed an OPEC+ decision to maintain oil output cuts, keeping supply tight.

Global benchmark Brent crude futures and U.S. West Texas Intermediate crude futures have declined about $10 a barrel in less than 10 days after edging close to $100 in late September.

The combined percentage drop over the last two days was the steepest since May for both crude benchmarks.

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