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Reuters: Oil above $40 after 10 percent fall

Started by chris, March 03, 2009, 08:59:14 AM

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chris

March 03, 2009, 08:59:14 AM
Oil above $40 after 10 percent fall
      
   
      

SINGAPORE (Reuters) - Oil hovered above $40 a barrel on Tuesday, after slumping 10 percent overnight as the deepening global recession threatened to crimp energy demand further, outweighing OPEC's strong compliance with supply curbs.<div class="feedflare">
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