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No Deal in Doha Triggers Oil’s Selloff

Oil prices fell across the board on Monday as the Doha meeting over the weekend brought no agreement on output freeze. Saudi Arabia and other Gulf producers insisted inclusion of Iran in the deal. The touch stance of Saudi signaled its concerns over the loss of market shares after the deal. Oil prices slumped the most in 2 months with both crude oil benchmarks plunging more than -4% from last Friday’s close at the time of writing this article

Originally posted here:
No Deal in Doha Triggers Oil’s Selloff

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