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IPFS News Link • Economy - Economics USA

Demand destruction: Oil prices drop to 1-year low

10-09-2008 • AP

NEW YORK (AP) — Oil prices closed at their lowest level in a year Thursday, falling below $85 a barrel even after OPEC signaled it may try to slow crude's downward spiral by cutting production.

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Demand destruction: Oil prices drop to 1-year low

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