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S04 Ep10 Energy Market Update: Brent drops Below $63/b on Saudi price cuts

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Brent crude fell to $62.84/b last week after Saudi Aramco sharply reduced its official selling prices, signalling weaker demand in Asia. Other Gulf producers followed suit, adding pressure. The decline, in line with softer equity markets, has since steadied with Brent back near $64/b.

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10 Nov 2025 English South Africa Business

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