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Oil prices continue free fall

Posted on 19 December 2008
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Oil prices dropped below $40 a barrel yesterday, the lowest level in four years, because of falling demand.

A day after the OPEC cartel announced it would cut crude production by an additional 2.2 million barrels a day, oil prices continued sliding, falling $3.84 to settle at $36.22 a barrel, according to a report in The New York Times.

Click here for the report.

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