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Israeli soldiers work to secure residential areas following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, southern Israel October 7, 2023.
Israeli soldiers work to secure residential areas following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, southern Israel October 7, 2023.

REUTERS/Ammar Awad

  • Oil prices hit their lowest level since August on Tuesday, with WTI crude below $80 a barrel.
  • Economic data from China was mixed, while top OPEC+ producers are extending supply cuts.
  • Oil prices have erased nearly all the gains that followed the start of the Israel-Hamas conflict. 

Oil prices declined Tuesday to their lowest levels since August amid a medley of factors for the commodity. 

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Markets, mi-exclusive, Markets, oil-prices, oil-price-outlook, crude, crude-oil, israel-hamas-war, middle-east, China, china-economy, economic-outlook, Commodities, Oil, brent-crude, WTI, financial-markets, OPEC, Production, Russia, saudi-arabia
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Oil prices are at their lowest level since August. Here's everything moving cru…