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Oil price hits eight-month low

Oil prices extended losses on Tuesday as New York crude struck an eight-month low with euphoria fading over a bailout deal for Spanish banks, while OPEC maintained its demand forecast.

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energy

Oil falls below $98 on growth worries

LONDON - Oil fell to a 16-month low below $98 per barrel on Friday as weak jobs data, poor manufacturing data from China and a spiralling euro zone debt crisis deepened worries over the prospects for global economic growth.

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