Brent crude futures fell below 75 U.S. dollars per barrel on Wednesday for the first time since the United States struck Iran in late February, as concerns over supply disruptions eased.
In particular, Brent crude for August delivery hit a low of 73.22 U.S. dollars per barrel at one point in the morning session on Wednesday.
West Texas Intermediate (WTI) crude for August delivery gave away support around psychologically important level of 70 U.S. dollars per barrel and fell to a low of 69.63 U.S. dollars per barrel in the morning.
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