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Plunge in crude sends Asian energy chips diving while pound struggles
Published Tue, Jan 10, 2017 · 09:50 PM
Hong Kong
ASIAN energy firms were the big losers after a plunge in oil prices, while the pound's troubles mounted on worries about Britain's plans to leave the European Union.
Both main crude contracts sank almost 4 per cent on Monday as traders fret over Iraq's commitment to stick to output cuts agreed to much fanfare by Opec and other key producers in November.
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