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Oil closes below $50 a barrel for first time in a year

By Bloomberg   |   18 December 2018   |   1:41 pm  
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Oil Closes Below $50 a Barrel for First Time in a Year
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Oil Closes Below $50 a Barrel for First Time in a Year
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Crude settled below $50 a barrel in New York for the first time in more than a year. A jump in inventories, falling equities and the anticipation of another Fed rate hike this week all putting downward pressure on prices.
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