Oil Falls After Steep Saudi Price Cutsthedigitalchaps

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Oil fell Monday after Saudi Arabia slashed its crude prices for all regions, a sign the kingdom sees lower global demand.

Most actively traded futures contracts for Brent crude oil, the international pricing benchmark, fell 3.4% to $76.05 per barrel, while West Texas Intermediate slid 4.1% to $70.80. Shares of oil majors Exxon-Mobil and Chevron were down 1.8% and 2.9%, respectively.

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