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Oil slips below USD 40 per barrel

Singapore: Oil prices extended their sharp fall to drop further below $40 a barrel on Tuesday, weakened anew by growing signs of deteriorating world oil demand. Final third-quarter US gross domestic product data due later in the day is likely to underscore the ailing state of the world economy as a steady ....Read more

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Oil downBy: KS | Tuesday , 23 Dec '08 14:59:39 PM Reply | Forward Are we soon to see $ 25 a barrel? The days are not far away if we consider the economic slow down jolting the whole world and no country is spared from the steep slow down.

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