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AUSTRALIA

News Wrap

IN <i>News Wrap:</i> Oil prices fall to new lows; Goldman Sachs and WoodMackenzie on $US40 a barrel oil; US &lsquo;energy banking boom' is over; and Australian renewable energy investment nosedives.

New lows Brent crude for February delivery fell 5.3% overnight to close at $47.43 a barrel - the first sub $50/bbl closing price for the Brent index since April 2009. West Texas Intermediate crude...

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