High-flying oil takes a nosedive on US economy worries

[staff]

High-flying oil takes a nosedive on US economy worries
      

Oil prices have slumped more than 10 percent in less than two weeks as traders focus on signs a slowing U.S. economy could cut into world energy demand growth. After climbing to a record over $99 a barrel Nov. 19, the price of crude has dropped to below $88.
The decline in crude prices may eventually filter down [...]
         

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