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Brent Crude Falls Below $75 A Barrel For First Time Since 2021

Brent crude fell below $75 a barrel for the first time since late 2021 as turmoil at Credit Suisse Group AG reverberates across energy markets.

Paul Wallace
Brent Crude Falls Below $75 A Barrel for First Time Since 2021

(Bloomberg) -- Brent crude fell below $75 a barrel for the first time since late 2021 as turmoil at Credit Suisse Group AG reverberates across energy markets.

Futures fell 3.5% to $74.72 a barrel as of 1.24 p.m. in London. Earlier, WTI dropped below $70, also for the first time since December 2021.

More stories like this are available on bloomberg.com

©2023 Bloomberg L.P.

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GST Rejig: Post-Sale Discounts To Dealers Not Subject To GST, Says CBIC

  • chevron-double-right Recipients of goods need not reverse ITC when receiving discounts via credit notes
  • chevron-double-right Dealer discounts for competitive pricing are treated as price reductions, not GST
  • chevron-double-right Discounts under agreements with end customers form part of the overall consideration
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