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Oil prices on track for biggest monthly drop since 2021 as trade war sparks recession, demand fears

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Summary
Nutrition label

80% Informative

West Texas Intermediate (CL=F) futures were down over 3.5% on Wednesday to trade as low as $58.20 a barrel.

Brent crude (BZ=F), the international benchmark, also fell over.

Wednesday 's drop followed data that showed the US economy contracted in the first quarter for the first time in three years .

VR Score

83

Informative language

83

Neutral language

39

Article tone

formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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