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Yesterday saw another oil fall further and......>

OIL
OIL: Yesterday saw another oil fall further and approach its 2016 intraday lows,
with Bloomberg reporting that it had traded below the lowest settlement price
since 2003.
- Coronavirus fears were a contributing factor to oil's continuing slide but the
main driver was Saudi Arabia's announcement that it would increase production to
record levels.
- Brent and WTI are now both comfortably below the $30/bbl level with both
moving lower in late Asian and early European trading to move through
yesterday's lows.

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