


| Oil Drops More Than $1 After Saudi Price Cuts, Demand Optimism... |
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SINGAPORE: Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July, after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as optimism about demand recovery cooled amid the coronavirus pandemic. Brent crude was at $41.75 a barrel, down 91 cents or 2.
Posted: 2020-10-06 14:39:00
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