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1551561208408134400
Sun, 2019-03-03 00:27
RIYADH: Brent crude fell to $65.07 per barrel and WTI dropped to $55.80 at the close of the week, due to a third consecutive month of weak Chinese exports, and US crude imports reaching their lowest levels in 23 years.
US plans to sell up to 6 million barrels of crude oil from the Strategic Petroleum Reserve in April and May exacerbated bearish sentiments, but OPEC output cuts have, to now, kept the market stagnant.
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