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Oils and Gaz

Oil prices slump as OPEC, Russia plan output boost

BUSINESSLIVE- Oil prices fell more than $2 per barrel Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Brent crude futures fell $2.35, or 3 percent, to settle at $76.44 a barrel. The global benchmark lost about 2.7 percent this week, its largest weekly drop since early April. The contract hit its highest since late 2014 at $80.50 last week.

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