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World Oil Prices Falling Sharply

World oil prices dropped to their lowest levels in more than a year Thursday as Saudi Arabia, one of the world's largest oil producers, showed no signs of cutting its production to ease the glut in the global supply. Riyadh earlier in the week cuts its official crude oil selling price for the fourth month in a row, signaling it is looking to keep its world market share and compete on pricing with other big producers. The price for Brent crude from the North Sea fell to as low as...

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