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Oil prices continue slide and analysts say bottom not yet in sight

Morgan Stanley says US$20 oil is possible if the US$ made rapid gains. Barclays has also cut outlook for oil and copper prices.

New York

THE continuing collapse in commodity prices pushed oil futures still lower on Monday, and analysts predicted that the slide was far from over.

Oil prices fell to their lowest level in 12 years; futures of West Texas intermediate crude for February delivery settling at US$