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Oil bounces 8% on stimulus hopes, virus slowdown in China
March 10, 2020 | By Moneycontrol.com
business
Trading volumes in the front-month for both contracts hit record highs in the previous session after a three-year pact between Saudi Arabia and Russia and other major oil producers to limit supply fell apart on Friday.
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Oil prices bounced 8 percent on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus amid a price war between Russia and Saudi Arabia and as new virus cases slowed in China. President Donald Trump o
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