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Oil sinks 5% on forecasts of Saudi output recovery

Last Updated 17 September 2019, 14:42 IST

Oil prices dropped 5 per cent on Tuesday as analysts said they were expecting Saudi production to recover sooner than expected.

At around 1400 GMT, North Sea Brent crude oil for delivery in November was trading at USD 65.35 in London, a drop of $5.35 compared to the closing price on Monday.

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(Published 17 September 2019, 14:42 IST)

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