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Oil prices hit 5-3/4 year low in tumble after two-day break

[LONDON] Oil prices slumped again on Friday after two days of relative stability, hitting 5-3/4 year lows in search of a bottom to the market's six-month-long rout.

Benchmark Brent crude fell more than US$2 to US$48.90 a barrel, its lowest since April 2009.

US crude was down US$1.43 at US$47.36 a barrel, after sliding to US$47.16, also a low since April 2009.

REUTERS