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Oil tumbles by most since 1991 as Saudi Arabia launches price war

Updated : March 09, 2020 08:07 AM IST

OPEC and other producers supported the cuts to stabilize falling prices caused by the economic fallout from the coronavirus outbreak.
China's efforts to curtail the coronavirus outbreak has disrupted the world's second-largest economy and curtailed shipments to the largest oil importer.
Saudi Arabia is attempting to punish Russia for balking on Friday at production cuts proposed by the Organization of the Petroleum Exporting Countries (OPEC).

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