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With a massive mustard crop ready for harvesting, the import will have a great dampening effect on prices of domestic oil seeds.

Oil prices fell on Friday as OPEC+ decided not to move its March meeting forward while Russia indicated that it currently has no intentions to cut production further.

Weekly spot prices for Brent and West Texas Intermediate crude oil rise from the prior week’s 13-month lows, ticking up to $55.33 and $50.83 per barrel, respectively

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The world’s largest independent oil trader expects prices to recover to $60-$70 a barrel in the coming months

Oil prices fall as market weighs coronavirus demand impact

#Coronavirus: The impact of COVID-19 on global oil prices

Commodity trading major Vitol said it expected oil prices to recover later this year once the effect of the coronavirus epidemic wanes, Bloomberg reported, citing the company’s chief executive.

Oil Prices Slide as Coronavirus Spread Scuppers Hopes Of A Demand Rebound

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Had a very good meeting with @kbsalsaud  of Saudi Arabia. We discussed Trade, Military, Oil Prices, Security, and Stability in the Middle East!

Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!

Donald Trump has just tweeted a thank you to Saudi Arabia for current low oil prices, which he likens to 'a big Tax Cut for America and the World!' In fact, Canada is the US's biggest supplier of imported oil at 40%, compared to only 11% from Saudi Arabia.

Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile!

So great that oil prices are falling (thank you President T). Add that, which is like a big Tax Cut, to our other good Economic news. Inflation down (are you listening Fed)!

Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!

Oil prices are too high, OPEC is at it again. Not good!

Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount....

We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!

“Gas prices drop across the United States because President Trump has deregulated Energy and we are now producing a great deal more oil than ever before.” But this is bad news for Russia, why would President Trump do such a thing? Thought he worked for Kremlin?

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