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Oil slumps to new lows on supply glut

European Central Bank

Oil slumps to new lows on supply glut

Business Insider

US benchmark West Texas Intermediate for February tanked to $48.49 a barrel, touching a low last witnessed in late April 2009. In morning deals in London, Brent North Sea crude for delivery in February dived to $51.23 per barrel, the lowest level since early May of the same year. "The oil price fell …

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