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Oil extends sharp losses after Trump signals US won’t punish Saudi Arabia after Khashoggi killing





Saudi Arabia's Energy Minister Khalid al-Falih addresses a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, December 10, 2016. REUTERS/Heinz-Peter Bader

Crude prices hit their lowest level since 2017 on Tuesday, sliding further into a bear market after President Donald Trump signaled the US would not punish Saudi Arabia, the world’s largest oil exporter, over the killing of Washington Post journalist Jamal Khashoggi in its Istanbul consulate.

West Texas Intermediate fell 7% to 53.42 per barrel, while the international benchmark Brent shed 7.4% to $62.48 a barrel. Saudi Arabia is expected to play a vital read more >>>

Source:: BusinessInsider.Com

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