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Oil goes into free fall after Saudis unleash price war

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Saudi Arabia unleashed the biggest single-day oil price crash in 30 years when it raised output and priced its oil at steep discounts, sparking a global price war.

Singapore

SAUDI Arabia unleashed the biggest single-day oil price crash in 30 years when it raised output and priced its oil at steep discounts, sparking a global price war.

Crude prices plunged as much as 30 per cent following the move, which comes amid an already weak market...

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