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The $40/bbl floor has given out below Brent futures, which are now trading around its lowest levels since February 2016, after Saudi Arabia slashed its official prices by the most in some 20 years. The OPEC+ alliance appears to be crumbling, after major Oil producers failed to reach consensus over further supply cuts. That, in turn, has paved the way for a price-war, as nations shift their focus towards defending market share instead.[[{"fid":"10951","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":false,"field_file_image_title_text[und][0][... Read More


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