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Oil falls more than 1% as market awaits response to Saudi oil attacks

Tuesday, September 17, 2019, 8:06 PM

Oil fell more than 1% on Tuesday as the market hung on tenterhooks following attacks on Saudi Arabian crude facilities that cut the kingdom's production in half and sent prices soaring by the most in decades. A gauge of oil-market volatility on Monday rose to the highest level since December of last year, and trading activity showed investors expect higher prices in coming months.

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