OIL PRICE: ABOVE $60
REUTERS - Oil prices plunged by more than 1.5% to below $61 a barrel on Monday, extending last week's heavy losses as deepening U.S. trade wars fanned fears of a global economic slowdown.
Saudi Arabia, the de-facto leader of OPEC, sought to stem the price slide with assurances that the group of oil producers together with Russia would continue managing global crude supplies to avoid a surplus.
Front-month Brent crude futures were at $60.96 at 0844 GMT, down $1.03 or 1.7% below…
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