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ICBC Global Market: Oil and Other Commodities Market Update - November 1, 2018

Oil prices fell on Wednesday on evidence of rising global crude supply as shown by signs of higher output from Saudi Arabia, Russia, and U.S.. Front-month U.S. crude futures slumped 2.25 percent at $64.86 a barrel. Front-month Brent crude futures slipped 0.76 percent, at $75.46 a barrel. The spread between the two benchmarks stood at $10.60 a barrel.


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