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Oil sinks to $66 a barrel, falling by 4 percent in a day


Saturday, July 04, 2009

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Oil fell towards $66 a barrel on Friday, adding to a drop of nearly 4 percent the previous day, as unemployment data hardened views economic weakness would sap energy demand further and that last month's rally was overdone. In the latest sign the economy of the world's top consumer was still struggling.

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Tags: London

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»UN sees slow 2010 global recovery, double-dip risk
»Gold prices reach record $1,217 as central banks try to diversify assets

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