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IPFS News Link • Energy

Oil Drops $111 a Barrel in The Past 5 Months - A Fall of 75 Percent

12-18-08 • Bloomberg.com

Prices have tumbled 75 percent from a record $147.27 on July 11. Yesterday, January futures plunged $3.84, or 9.6 percent, to the lowest settlement since June 29, 2004. They touched $35.98 in intraday trading.

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Reported By Jack Gregson

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