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Thursday, 20 August 2015 - 18:30
US crude prices fall towards US$40 on global glut
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U.S. crude oil prices fell to almost US$40 a barrel today, their lowest since the global financial crisis of 2009, as supplies rose in North America and the Middle East, filling stockpiles to record levels.

Oil has lost a third of its value since June on high U.S. production, record crude pumping in the Middle East and concern about falling demand in Asian economies.
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