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Oil prices fell by about 1% when global supply rose and investors feared that oil demand would decline. American crude oil recorded the longest daily loss since 1984.
Brent crude oil
Brent crude oil fell by 47 cents, or 0.7 percent, to a price of $ 70.18 per barrel. Crude oil fell about 3.6% in the course of the week and more than 15% this quarter.
US West Texas Intermediate rough futures fell for the 10th day in a row, the longest losing streak since July 1984, according to Reventiv data.
US crude oil fell by 48 cents or 0.8 percent and came to $ 60.19 a barrel after dropping below $ 60 a barrel to a low of eight months.
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Source: Harmony newspaper