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IPFS News Link • Energy

Oil tumbles below $40 for first time since 2004

12-17-2008 • Breibart.com

Oil prices tumbled below $40 for the first time since the summer of 2004 Wednesday despite an announcement from OPEC of a record production cut of 2.2 million barrels a day. (If no one is buying...you cut production)

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Reported By Ernest Hancock

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