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19 Jan 2016 Author Marlene Gray

Oil prices drop to their lowest level for 12 years

Oil prices have fallen again, with the U.S. benchmark price dropping to its lowest level since December 2003.   The main reason for the drop this time around was the 14% slump on China's markets this year, which is being driven by concerns over growth that could ultimately hit oil demand. The stronger dollar also makes oil more expensive in overseas territories.   Re...

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