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TRADE WAR, SAUDI QUEST TO PROTECT MARKET SHARE HAVE OIL PRICES SPIRALLING

Oil prices are falling due to the US-China trade war reducing global demand. Saudi Arabia increased supply to protect market share and discipline OPEC+. This hurts U.S. shale producers but benefits India through lower import costs. However, prolonged price drops risk global recession and internal conflicts within oil-producing nations.

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Oil prices rise as Saudi Arabia protects market share amid trade wars.

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