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Oil could extend its record losing streak into a 13th straight day as analysts warn it may drop below $50

  • Oil prices remain under pressure and could extend their losing streak into a 13th day.
  • Both major benchmarks are trading higher on Wednesday, but not by any significant margin.
  • Prices dropped as much as 7% on Tuesday after US President Trump again pushed back against Saudi Arabia's plans to increase production.
  • Analysts fear that the price per barrel of oil could fall below $50.

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