<ul><li>Oil prices plummeted as trade risks increased and Saudi Arabia slashed prices.</li><li>Global benchmark Brent dropped almost 4% to $63.21 a barrel, the lowest in four years.</li><li>The OPEC+ alliance announced an unexpectedly large output hike, adding to concerns about global surplus and weakened demand.</li><li>US President Donald Trump's top officials dismissed fears of inflation and recession, while China announced retaliatory levies against the US.</li></ul>

Oil Plummets As Trade Risks Increase And Saudis Slash Prices

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