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Futures Movers: U.S. oil prices post weekly loss of 29%, biggest since 1991

20 Mar 2020

Oil settles sharply lower on Friday, with U.S. prices down 29% for the week—the largest weekly loss since 1991—as economic stimulus plans from government and central banks fail to offset expectations for steep fall in demand due to coronavirus pandemic, and as Saudi Arabia and Russia oversupply the market.


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