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Oil price has flaky defences against further falls

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Crude values have fallen 16% to $63 a barrel since last week’s US tariff bombshell. Geopolitical shocks and coordinated producer cuts offer ways to stop the rot. But President Trump’s preference for low oil prices, plus OPEC indiscipline, are reasons to brace for fresh declines. Responding to U.S. President Donald Trump’s tariffs, China said on ...

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