November 26, 2022

Oil prices tumbled early in Asian deals on Thursday as a stronger dollar and economic woes eclipsed optimism about consumer demand.

Brent futures fell 59 cents, or 0.7%, to $88.73 a barrel, while U.S. oil futures fell 54 cents, or 0.7%, to $81.59, according to Reuters.

The two benchmarks have risen in the previous two sessions amid volatility in trading, after hitting their lowest level in nine months this week.

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