Oil prices drop after Saudi-UAE reach output compromise

UPSC Practice recommends Oil prices drop after Saudi-UAE reach output compromise.

Brent crude was down 57 cents, or 0.75 per cent, at $75.92 a barrel by 1120 GMT after dropping by over $1 earlier. West Texas Intermediate was off by 58 cents, or 0.77 per cent, at $74.67 a barrel.

Courtesy: Economic Times

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