- Oil prices dropped again on Tuesday following an overnight report which showed Saudi production close to an all-time high and data that showed China's factory sector falling to an 11-month low.
- Saudi Arabia is now pumping around 10M barrels of crude oil per day, about 350,000 bpd above the figure the Kingdom gave to OPEC for its February output.
- Brent crude is trading down $0.46 at $55.46 a barrel, while WTI is $0.57 lower at $46.88/bbl.
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