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Reuters: Oil falls below $40 as Middle East concerns ease

Started by chris, December 30, 2008, 07:59:30 AM

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chris

Oil falls below $40 as Middle East concerns ease
      


SINGAPORE (Reuters) - Oil fell below $40 on Tuesday as demand concerns overshadowed Middle East crude supply fears amid the Israeli-Hamas conflict, with prices on track to end the year down 60 percent, their biggest annual loss on record.<div class="feedflare">
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