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The oil price has dropped massively, and that's great! ... right? | ABC News

The oil price has dropped massively, and that's great! ... right? | ABC News Saudi Arabia and Russia have intensified their oil price war, with both nations threatening to flood the world with hundreds of thousands of extra barrels of oil in the coming weeks. That means cheaper prices at the pump, at a time when the economy could really need it.

But it's not all sunshine, as experts question the reason behind the price war and its potentially damaging effects on other oil producing countries, particularly the US.

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