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Brent crude slid 2.2%, or $1.74, to $77.02 a barrel by 1024 GMT while U.S. West Texas Intermediate crude futures shed 2.3%, or $1.73, to $72.08 ...
Rolling coverage of the latest economic and financial news, as Brent crude drops by 1% this morning ...
Fed officials warn that fight against inflation may require policy rate increases for some time - Anadolu Ajansı ...
Oil prices fell by more than 1% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tension in the Middle East.
State-owned producer Saudi Aramco (TADAWUL: 2222) had unveiled cuts by up to US$2 per barrel from February against regional benchmarks on Sunday, which coupled with an uptick in supply by the ...