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Oil drops as Saudi says will not cut output alone, weak China import hurts - Reuters
Reuters | Oil drops as Saudi says will not cut output alone, weak China import hurts Reuters SINGAPORE (Reuters) - Oil prices dropped more than 1.5 percent on Monday as China's imports weakened, while comments from top exporter Saudi Arabia that it would not unilaterally cut its output to defend prices also dragged on the crude market. Oil price unlikely to rebound - Saudi official Opec is prepared to wait out the slump in oil prices Return to $100 Oil Seen Unlikely by Saudis Amid Shale Surge |
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