U.S. crude oil flops 4% as Saudi price cut sparks global demand concerns

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U.S. crude oil flops 4% as Saudi price cut sparks global demand concerns


SlavkoSereda/iStock via Getty Images

Energy (NYSEARCA:XLE) was Monday’s only S&P stock sector to close with a loss, -1.2%, as U.S. oil futures recorded their largest daily drop since November after Saudi Arabia cut its crude selling prices, renewing concerns that the oil market is

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