Oil prices dip below $38
Middle East: Tuesday, January 13 - 2009 at 08:11
Oil prices dropped nearly 8% on Monday due to the growing impact of the economic recession on global energy consumption. US crude settled at $37.59, down $3.24 a barrel, after reaching a low of $37.48 a barrel.
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Jeff Florian, Senior ReporterTuesday, January 13 - 2009 at 08:11 UAE local time (GMT+4)
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