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Oil prices drops below $25
March 30, 2020
Source: Reuters

Oil prices drops below $25

Oil prices fell flat in the international market on Monday, as the worsening global coronavirus pandemic coupled with the Saudi Arabia-Russia price war weighed heavily on the traders. Brent futures dropped 6.7%, and were priced at $23.25 a barrel. U.S. West Texas Intermediate (WTI) crude futures tumbled 5.4%, and were traded at $20.34 a barrel. Saudi Arabia on Friday dismissed rumors of talks with Russia to balance oil markets.

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