#SaudiOilPriceWar#

#SaudiOilPriceWar#

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On Saturday, Saudi Arabia announced a significant reduction in the pricing of its major crude oil grades, the largest reduction in 20 years. The discount on the flagship Arab light crude oil sold to Northwest European refiners was extended to $8/barrel, with price as low as $10.25/barrel. WTI prices plunged 30% at the opening and gold broke $ 1700.
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