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Oil Falls for Third Day, Brent Crude Set for Worst Week Since 1991 as Coronavirus Panic Grips Market
March 12, 2020 | By News18.com
business
A flood of low-priced oil into the market from Saudi Arabia and the United Arab Emirates is intensifying the pressure on prices after the collapse of a price supporting agreement with Russia last week.
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Tokyo: Oil prices fell on Friday for the third day, with Brent crude set for its biggest weekly drop since 1991 and US crude heading for the worst week since 2008 as panic about plunging demand from the coronavirus outbreak grips the market. Brent crude was
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