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The Guardian - UK

Business

Graeme Wearden

Oil plunges to 10-month low as Saudi Arabia ‘considers Opec+ production increase’ – as it happened

Jeremy Hunt CBI Tony Danker Inflation Economy Office for Budget Responsibility Rishi Sunak

Saudi Aramco's Ras Tanura oil refinery and oil terminal. — Saudi Aramco's Ras Tanura oil refinery and oil terminal. Photograph: Ahmed Jadallah/Reuters

3.53pm GMT

Summary

Time to wrap up – here are today’s main stories:

3.38pm GMT

Key event

Brent crude oil prices are now at their lowest level since before the Ukraine war began.

Brent crude currently trading nearly 13% below where it was right before Russia invaded Ukraine (marked by orange line)
[Past performance is no guarantee of future results] pic.twitter.com/AILPLHNnRj
— Liz Ann Sonders (@LizAnnSonders) November 21, 2022

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