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Oil Down About 30%, Biggest Since Gulf War, as Saudi Cuts Price After Failed OPEC Deal, Triggers Battle
March 8, 2020 | By News18.com
business
The two main contracts were both down about 20 per cent in morning Asian trade, with West Texas Intermediate sliding to around $32 a barrel and Brent crude to some $36 a barrel.
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Tokyo: Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the coronavirus outbreak. Brent
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