Oil drops 31 percent in worst loss since Gulf War as price fight erupts
The oil price plunged following the collapse of the OPEC+ alliance, which triggered an all-out price war between Russia and Saudi Arabia that is likely to have a large-scale political and economic impact.
BY DAN MURTAUGH AND ALFRED CHANG, BLOOMBERG
Oil markets crashed more than 30 percent after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia that is likely to have sweeping political and economic consequences.
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