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    Oil Plunges Below $57 Following Coronavirus and OPEC+ Cuts Delays

    Oil Plunges Below $57 Following Coronavirus and OPEC+ Cuts Delays

    Oil dropped below $57 per barrel Tuesday, pressured by concerns over the impact on oil demand from the coronavirus epidemic in China and a lack of further action by OPEC and its partners to support the market. Forecasters, including the International Energy Agency (IEA), have pared 2020 oil demand estimations because of the coronavirus. Although new cases in mainland China…

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