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Cheaper oil compounding protracted commodities slump

Oil price drop comes at same time as China slowdown and copper surplus

Brent crude has tumbled 41 per cent since the end of June to US$66.19 a barrel as US output jumped to a three-decade high.

New York

LOWER fuel prices are compounding the longest commodity slump in a generation.

Because energy accounts for as much as half the cost to produce food and metals, all sorts of commodities will keep dropping, according to Societe Generale SA (SocGen) and Citigroup Inc. With...

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