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Oil selloff pauses, but outlook shaky on surging coronavirus cases, supply woes

October 27, 2020 Business, Market, Markets-Economic Times

In early Asia, Brent crude was up 12 cents, or 0.3%, at $40.58 a barrel by 0039 GMT, having dropped more than 3% overnight. U.S. oil was up 13 cents, or 03%, at $38.69 a barrel, after also declining more than 3% on Monday.

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