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Oil sinks again on glut as U.S. crude hits new lows

January 20, 2016 by · Leave a Comment 

Oil futures fell further on Wednesday, with U.S. crude touching its lowest since 2003, as a global supply glut bumped up against bearish financial news that sparked deeper worries over demand. U.S. crude oil dropped more than 4 percent in early trading, falling to as far as $27.32 a barrel. “You need the

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Oil sinks again on glut as U.S. crude hits new lows