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Oil slumps again on coronavirus fears, price war

Brent crude falls US$2.07 to US$31.78 a barrel, extending last week's 25% plunge


OIL fell on Monday as an emergency rate cut by the US Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus, while a price war between top producers added to a growing supply glut.

Brent crude fell US$2.07 to US$31.78 a...

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