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Brent falls to another 12-year low on oversupply gloom

January 14, 2016 by · Leave a Comment 

By Aaron Sheldrick TOKYO (Reuters) – Crude oil fell in Asian trade on Thursday, with Brent marking another 12-year low amid gloom over a world awash with supply and concerns about global economic growth hitting equity markets. Brent dropped as far as $29.73, the lowest since February 2004 and down more than 1.5 percent. West Texas Intermediate (WTI) erased

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Brent falls to another 12-year low on oversupply gloom