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Crude tumbles below $US50 mark

OIL prices have fallen below $US50 per barrel on Thursday, their lowest point since May 2005, as ...

New York's Western Texas Intermediate nose-dived, losing $US4.78 to close at $US48.86/bbl while Singapore's Tapis dropped at a less drastic rate from $US52.35/bbl on Wednesday to $US50.95/bbl. "The drop...

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