Oil prices drop below $49 a barrel on Tuesday

Source: CNBC
© Reuters
West Texas Intermediate futures traded 2.98% lower at $47.53 per barrel, whereas Brent futures traded 2.69% lower at $48.75 per barrel by 12:20 GMT on the London Stock Exchange on Tuesday. Meanwhile, gold prices rose 0.83% to trade at $1,350.10 per troy ounce, and silver prices grew 1.34% to trade at $19.85 per ounce.
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