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Oil prices slump nearly 3% on oversupply fears, trade talk concerns

Updated : November 20, 2019 07:55 AM IST

Brent crude futures fell $1.53, or 2.5 percent, to settle at $60.91 a barrel. US WTI crude futures lost $1.84, or 3.2 percent, to settle at $55.21 a barrel.
Brent has rallied about 15 percent this year, supported by a pact by the Organization of the Petroleum Exporting Countries and its allies, including Russia.
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