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Oil tumbles 5 percent to new lows as China fears intensify rout - Reuters
Reuters | Oil tumbles 5 percent to new lows as China fears intensify rout Reuters Oil's biggest one-day slide in nearly two months suggested that worst-case fears over the economic outlook in China, the world's second-largest oil consumer, have eclipsed immediate signs of persistent oversupply as the main motivator. "Today's falls ... Oil prices below $39 for first time since 2009 Oil below $39 for first time since 2009 Oil plunges 6% amid market turmoil |
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