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Oil slumps below $40 per barrel: The story behind the prolonged pain

Oil slumps below $40 per barrel: The story behind the prolonged pain

Friday, August 28, 2015 - Natural Resources

On Aug. 24, U.S. benchmark light crude West Texas Intermediate (WTI) closed at $38.24 a barrel — the lowest price level since February 2009. Brent crude was trading only a few dollars higher. Revisiting global oil prices six months on from las​t time,…

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