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Crude-oil futures close down nearly 3% on economic concerns |
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08:27, January 08, 2008 |
Crude-oil futures declined almost 3 percent on Monday, as traders rushed to lock in gains amid increasing worries that a worsening economic slowdown could lower oil demand in the United States.
Crude oil for February delivery dropped 2.82 dollars, or nearly3 percent, to finish at 95.09 dollars a barrel on the New York Mercantile Exchange.
Source: Xinhua
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