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Archive Home > 2008 > October > 11 > Oil falls below $78 per barrel

Oil falls below $78 per barrel


October 11, 2008

Mirroring declines in stock markets worldwide, New York oil futures fell nearly $9 to dip below $78 per barrel Friday for the first time in 13 months, raising the prospect of $60 oil by year’s end. The unrelenting declines in stock values, combined with increasingly bleak economic....

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