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Oil prices fell in the international market on Monday, as markets continue to panic amidst the coronavirus outbreak and a price war between Saudi Arabia and Russia. Brent crude dipped $1.13 to $32.72 a barrel. US WTI crude slipped 72 cents, to $31.01 a barrel. An attempt to ease tension in financial markets came from the U.S. Fed which reduced interest rates yesterday in its second emergency cut this month.