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Too much oil, nowhere to put it: US crude plunges to 1 cent a barrel
American crude faced wipeout on Monday as US traders confronted the reality of a world awash with oil and nowhere to put it. West Texas Intermediate, the US benchmark, sank like a stone for most of the day, hitting, then crashing through, historic lows. From a start above $18, at…
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Click here to read the full story: Arab News