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Sunday, November 29 - 2009

Oil prices hit 20-month low

  • Middle East: Wednesday, November 12 - 2008 at 09:19

Oil prices fell to their lowest level in 20 months on Tuesday, as weak economic growth continued to reduce consumption around the world. Crude oil futures on the New York Mercantile Exchange settled at $59.33 a barrel, down 5%. Prices have plummeted since hitting a peak of $145.29 a barrel in July.

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