Tag Archives: plunges

Oil plunges after Saudi Arabia, Russia talks stall

Oil plunges after Saudi Arabia, Russia talks stall

Oil prices tumbled Friday after Saudi Arabia said it hasn't recently held talks with Russia to end a price war that began earlier this month.Brent crude oil, the international benchmark, plunged by 6 percent to $24.77 a barrel while West Texas Intermediate crude oil, the U.S. benchmark, slid 4.9 percent to $21.50.The two countries have…

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