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Oil prices hit new lows, gold dips

Monday, January 5, 2015 - 05:50
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Oil prices extended their slide last week, kicking off the new year with 5½-year low points, as tepid eurozone demand offset a pick-up in the US economy.

London

OIL prices extended their slide last week, kicking off the new year with 5½-year low points, as tepid eurozone demand offset a pick-up in the US economy.

The dollar strengthened, hitting demand for commodities such as crude and metals priced in the US unit. Crude prices