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Oil prices tumble on mounting supplies

World oil prices have sunk further as US stockpiles surged again, with the New York price falling nearly $US2 a barrel to its lowest level in 16 months… 120 more words

Oil

Oil Rebounds After Three-Week Tumble

Oil prices rebounded slightly on Friday after tumbling 14% to $80 per barrel (WTI). The 30-day price of oil was at $95 before a three-week tumble to its low on Thursday. 362 more words