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Wednesday, January 7, 2015

Global Economic growth jitters oil prices.

Sliding to $49.66 a barrel overnight, Brent crude fell below the $50/bbl mark for the first time in five and a half years, as oil prices continued their decline on global economic growth fears and excess supply. Brent crude is now up 0.9% at $51.55 a barrel, while WTI is still below $50/bbl at $48.57.

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