Oil prices fall, erasing jump seen after Saudi production cut

Oil prices fall, erasing jump seen after Saudi production cut

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Oil futures fell Tuesday, more than erasing the jump that followed Saudi Arabia’s weekend announcement of a 1 million-barrel-a-day July output cut, as traders fretted over the global economic outlook. • West Texas Intermediate crude for July delivery CL00, CL.1, CLN23, fell $1.81, or 2.5%, to…

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