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Reuters: Oil drops 4.7 percent, down $100 from record

Started by dave, December 02, 2008, 09:59:16 PM

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dave

Oil drops 4.7 percent, down $100 from record
      


NEW YORK (Reuters) - Oil prices fell nearly 5 percent to below $47 a barrel on Tuesday, down $100 from their peak, driven down by a gloomy economic outlook and news that OPEC made only two-thirds of its pledged supply cuts in November.<div class="feedflare">
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