Oil prices fall as economic fears overshadow Saudi output cut

Oil prices fall as economic fears overshadow Saudi output cut

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Oil prices tumbled more than $1 a barrel on Tuesday, after a strong rally in the previous session as worries about the global economic growth outweighed Saudi Arabia’s pledge to deepen output cuts. Brent crude futures were down $1.33, or 1.73 per cent, to $75.38 a barrel by 0923 GMT. U.S. West…

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