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Read More »Oil dips on global growth concern
Bloomberg Crude tumbled below $52 a barrel as disappointing corporate earnings forecasts in the US stoked concern about the global economy, weighing down a market already anxious about America’s oil boom. Futures in New York dropped as much as 3.5 percent, joining the slide in equities after chip-marker Nvidia Corp and heavy-equipment company Caterpillar Inc warned of slowing global growth. ...
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