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Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?

The Economic Times ·

Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S.

West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.

Both benchmarks had declined more than 3% on Tuesday.

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