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Oil sinks to six-month lows as demand wanes

PUBLISHED ON: September 11, 2008 | Duration: 0 min, 30 sec

   
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Oil prices tumbled to six-month low points below $98 a barrel on Thursday as the dollar rallied and demand for energy decreased around the world amid an economic slowdown, traders said. Prices had risen earlier in the day as Hurricane Ike headed toward key energy facilities on the southern US coast and after OPEC yesterday reduced output to curb falling prices, analysts said.
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