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OPEC Deal Failed: Oil Prices Crash Over 30% as Saudi Arabia and Russia Trigger Oil War

Brent crude has plunged nearly 31%, dropping to $31.02 per barrel with the year-to-date crude price dropping by 50%. The U.S. benchmark commodity is witnessing its worst day in almost the last three decades since January 17, 1991.Last Friday, the OPEC and non-OPEC allies failed to reach a consensus on cutting down oil production to control oil price. Well, the tremors of these decisions are clearly visible in the global oil market.In the early trading session on Monday, oil prices crashed 30%...

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