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New York, July 28 (QNA) – Oil prices tumbled 5% on Tuesday to two-week lows.
Brent crude futures tumbled $4.61, or 5.2%, to $83.75 a barrel, while US West Texas Intermediate (WTI) crude tumbled $4.06, or 4.9%, to $78.55.
The two benchmarks were on track to post their lowest closes since July 13 after a nearly 17% three-session slide. (QNA)