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Oil drops 1%, set for biggest monthly fall since November as trade wars spreads

Updated : May 31, 2019 12:43 PM IST

Front-month Brent crude futures, the international benchmark for oil prices, were at $65.97 at 0639 GMT, down by 90 cents, or 1.4 percent, from last session's close.
Washington will sanction any country which buys oil from Iran after the expiration of waivers on May 2.
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