


| Oil extends drop after Saudi price cuts underline demand concern |
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Oil extended its retreat below $40 (U.S.) a barrel after Saudi Arabia cut pricing for October crude sales as demand stuck below pre- levels. Futures in New York dropped 1.7 per cent after Saudi Aramco reduced its key Arab Light grade more than expected for shipments to Asia, a signal that fuel....
Posted: 2020-09-07 20:07:00
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