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Oil glut grows and takes a toll globally
Shakeout will be painful for companies, countries and investors
Add BT as a preferred sourcePublished Sun, Jan 17, 2016 · 09:50 PM
Houston
THE world is awash in crude oil, with enough extra produced last year to fuel all of Britain or Thailand. And the price of oil won't stop falling until the glut shrinks.
The oil glut - the unsold crude that is piling up around the world - is a quandary and a source of investor anxiety that once again rattled global markets on Friday.
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