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Commodities

Oil slumps as US bans travel from Europe over pandemic

Updated : March 12, 2020 11:09 AM IST

Market worries were compounded by the threat of a flood of cheap supply as Saudi Arabia promised to raise oil output to a record high in its standoff with Russia.
Oil is down around 50 percent from highs reached in January.
Oil slumps as US bans travel from Europe over pandemic

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