Oil Prices Fall to 20 Month Low
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Wednesday, 12 November 2008 |
Oil prices fell 5 percent to $59 a barrel this week as the deepening
global economic crisis dragged down markets and raised expectations of
further slowdowns in energy demand.
U.S. crude settled down $3.08 at $59.33 a barrel, the lowest settlement since March 2007, after touching $58.32 earlier. London Brent crude fell $3.37 to settle at $55.71 a barrel.
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