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News : Business

Oil closes below $50 a barrel for first time in a year

By Bloomberg
18 Dec 2018   |   1:41 pm   |   3m 2s
Crude settled below $50 a barrel in New York for the first time in more than a year. A jump in inventories, falling equities and the anticipation of another Fed rate hike this week all putting downward pressure on prices.


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