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Crude oil prices fall a third day, Brent crude set for worst week since 1991

Updated : March 13, 2020 09:05 AM IST

For the week, Brent is set to fall 28 percent, the biggest weekly decline since the week of January 18, 1991, when it fell 29 percent at the outbreak of the first Gulf War.
A flood of low-priced oil into the market from Saudi Arabia and the United Arab Emirates is intensifying the pressure on prices after the collapse of a price supporting agreement with Russia last week.

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