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Oil

On March 9th 2020 what causes oil price to plunge 30%?

CNBC report mentioned “Oil prices plunge as much as 30% after OPEC deal failure sparks price war. … Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war.”

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