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More than 4.58 million US front-month crude contracts changed hands this week, the busiest week ever for that contract. [File, Standard]
Brent slid to its biggest daily loss in more than 11 years on Friday after Russia balked at Organisation of the Petroleum Exporting Countries' (Opec's) proposed steep production cuts to stabilise prices hit by economic fallout from the coronavirus, and Opec responded by removing limits on its own production.
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