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Oil spearheads rout in 2015, hits 11-year low
Published Sun, Jan 3, 2016 · 09:50 PM
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London
OIL collapsed by almost 40 per cent this year to strike 11-year lows on chronic oversupply, demand fears and China's slowdown, in a global commodities rout that sent metals tumbling.
Europe's benchmark oil contract, Brent North Sea crude, nosedived on Dec 22 to just US$35.98 per barrel - the lowest level since early July 2004.
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