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Archive Home > 2008 > December > 18 > Oil falls below $40

Oil falls below $40


December 18, 2008

SINGAPORE — Oil prices fell to 4½-year lows today in Asia as investor pessimism over global crude demand outweighed OPEC’s largest-ever production cut. Light, sweet crude for January delivery fell 15 cents to $39.91 a barrel in electronic trading on the New York....

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