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US crude falls below $30 as Fed move fails to calm markets

Updated : March 16, 2020 05:42 PM IST

Brent crude was down $2.89, or 8.5%, to $30.96 a barrel by 10:12 GMT on March 16
To combat the economic fallout of the coronavirus pandemic, the Fed cut its key rate to near zero on Monday
US crude falls below $30 as Fed move fails to calm markets

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