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Oil plunges about 30% after Saudi Arabia slashes prices, opens taps

Oil plunges about 30% after Saudi Arabia slashes prices, opens taps Brent crude futures fell by as much as $14.25, or 31.5%, to $31.02 a barrel. That was the biggest percentage drop since Jan. 17, 1991, at the start of the first Gulf War and the lowest since February 12, 2016. It was trading at $35.75 at 0114 GMT.

from Moneycontrol Latest News https://www.moneycontrol.com/news/commodities/oil-plunges-about-30-after-saudi-arabia-slashes-prices-opens-taps_13563341.html
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