Oil, gas and mining

Oil price collapses despite Russian deal with Saudis | Finance Report

The days of 80-cents-a-litre petrol could be on the horizon as oil continues its collapse below $US20 a barrel. The benchmark ASX 200 index closed 135 points (or 2.5 per cent) lower at 5,353, with around nine out of every 10 stocks in the red.

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