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Oil prices plunged yet again on Wednesday, shedding as much as 26% and falling to an 18-year low. The losses came as the resource battles a coronavirus-driven demand slowdown, as well as the continued escalation of a global price war between Saudi Arabia and Russia.

West Texas Intermediate crudefell as much as 26%, to $20.06 per barrel. Brent crude, the international benchmark, fell more than 14%, to $24.52 per barrel at intraday lows. 

Read more on Markets Insider:

https://markets.businessinsider.com/commodities/oil-price?type=writing 

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Oil plunges 25 percent, energy markets tank as Russia-Saudi Arabia feud 

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