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Oil Dives Lower on Global Slowdown Concerns

August 08, 2011

Brent crude plunged to a six-month trough below $99 a barrel on Tuesday in a two-session drop of more than $10, and U.S. crude fell to a 10-month low after a U.S. credit downgrade intensified fears about a global slowdown in demand for resources.

Source: http://www.cnbc.com/id/44066980?__source=RSS*tag*&par=RSS
 
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