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Oil falls for 3rd straight day
- Middle East: Tuesday, October 28 - 2008 at 08:26
Oil fell for a third day on Tuesday, dropping almost $1 to near a 17-month low on fears of a global recession, reported Reuters. US light crude for December delivery fell 92 cents or 1.4% to $62.30 a barrel by early Tuesday after touching a low of $61.30 a barrel on Tuesday, its weakest since May 2007.
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