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Oil Falls after U.S. Credit Rating Downgrade

August 08, 2011

Crude fell more than $2 a barrel on Monday after rating agency Standard & Poor's downgraded the United States' top-tier credit rating, raising concerns on the outlook for demand in the world's biggest oil consumer.

Source: http://www.cnbc.com/id/44053679?__source=RSS*tag*&par=RSS
 
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