Oil plunges to 13-month low on global slowdown

Oil prices have been plunged in another violent sell-off on Friday, briefly tumbling below USD 78 a barrel as investors grow more pessimistic about the prospects for resolving a mushrooming global economic crisis. A barrel of oil hasn't been this cheap in 13 months. The steep losses came as Wall Street extended its staggering... [read full story]                    

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