Nearly a third lost .. Oil at its lowest level in 4 years

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Saudi, After she refused Russia Another major production cut I proposed "OPEC".

By 0552 GMT, Brent crude futures fell $ 12.23, or 27 percent, to $ 33.04 a barrel, after dropping earlier to $ 31.02 a barrel, the lowest level since February 12, 2016.

Brent crude futures are on track for the biggest daily decline since January 17, 1991.

And US West Texas Intermediate crude fell 11.88 dollars, or 29 percent, to 29.40 dollars per barrel, after touching the level of 27.34 dollars, which is also the lowest level since February 12, 2016.

US crude is likely heading to its lowest level ever, surpassing a 33 percent drop in January 1991.

It ends the disintegration of the group known as OPEC +, which includes "OPEC" In addition to independent producers, including Russia, cooperation has continued for more than 3 years to support the market, and to achieve price stability recently, in light of the threat from the economic impact caused by a virus outbreak "Sk".

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Prices fell by about a third after a move Saudi, After she refused Russia Another major cut is proposed by OPEC.

By 0552 GMT, Brent crude futures fell $ 12.23, or 27 percent, to $ 33.04 a barrel, after dropping earlier to $ 31.02 a barrel, the lowest level since February 12, 2016.

Brent crude futures are on track for the biggest daily decline since January 17, 1991.

And US West Texas Intermediate crude fell 11.88 dollars, or 29 percent, to 29.40 dollars per barrel, after touching the level of 27.34 dollars, which is also the lowest level since February 12, 2016.

US crude is likely heading to its lowest level ever, surpassing a 33 percent drop in January 1991.

It ends the disintegration of the group known as OPEC +, which includes “OPECIn addition to independent producers, including Russia, cooperation has continued for more than 3 years to support the market and to achieve price stability recently, in light of the threat from the economic impact caused by the outbreak of the Corona virus.



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