Tokyo — Oil prices fell on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the Covid-19 pandemic.

Brent crude was down 15 US cents, or 0.3%, at $48.10 a barrel by 1.55am GMT, after gaining 1.8% on Wednesday. US oil was down 17c, or 0.4%, at $45.11 a barrel, having ended 1.6% higher the previous session...

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