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Oil falls as Saudi Arabia cuts crude prices amid weak China demand; US output struggles
Oil falls as Saudi Arabia cuts crude prices amid weak China demand; US output struggles
  • Oil prices are under pressure due to Saudi Arabia's price cuts and poor economic data from China.
  • WTI crude experienced its longest losing streak since November 2023, with seven consecutive weeks of decline.
  • China's declining consumer prices and reduced crude oil imports indicate weakening demand.
March 10, 2025

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