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Oil falls below $38, following stocks markets down
Oil prices extended losses for a second day Tuesday in Asia, falling below $38 a barrel, as a loss of investor confidence that the global economy will recover soon swept across stock and crude markets.Benchmark crude for April delivery fell 59 cents to $37.85 a barrel by midday in Singapore on the New York Mercantile Exchange. The contract overnight fell $1.59 to $38.44. Posted by: Fred 2009-02-25 |
| http://www.rantburg.com/poparticle.php?ID=263449 |