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Oil prices fall

CRUDE prices plunged to a 12-week low late last week and have fallen further this week on continuing evidence that high oil prices are hurting world economies and finally affecting fuel consumption in the US, the world’s largest energy consumer.

Oil prices fall

Last Friday US crude dropped 48 cents to US$62.69 per barrel on the New York Mercantile Exchange, while London Brent crude was down 79 cents to US$59.35 on the International Petroleum Exchange. Early...

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