Reuters: Oil hovers near $59 as slowdown squeezes demand

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Oil hovers near $59 as slowdown squeezes demand
      

SINGAPORE (Reuters) - Oil inched lower on Wednesday, after falling 5 percent a day ago to close below $60 for the first time since March 2007, as weakening energy demand more than offset news of more supply reductions.</p><div class="feedflare">
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