Oil prices plunge as US inventories jump and worries build over China demand

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Oil drills
The US's crude oil supply jumped 3.6 million barrels last week, according to EIA data.

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The drop in oil prices is just a 'ploy' as speculators pretend demand is weak, Saudi Arabia energy minister says

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Prince Abdulaziz bin Salman
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman.

REUTERS/Satish Kumar

Oil prices will hit $100 a barrel in 2024, Goldman Sachs' chief commodities strategist warns

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oil rig

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