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Sunday, November 24, 2024

 Brent crude drops below $18 a barrel, down more than 8% 

Singapore – Brent crude fell more than eight percent to below $18 a barrel Wednesday while US oil struggled to hold on to early gains as the coronavirus ravages energy markets. 

Brent, the European benchmark, was down 8.79 percent at $17.63 a barrel in Asian trade, extending heavy losses from a day earlier. US benchmark WTI was up almost three percent, after rising 20 percent earlier in the session.

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