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US: Wall St opens lower as oil prices fall


[NEW YORK] US stocks opened lower as oil prices resumed their fall due to concerns of weak demand and increasing supply.

The Dow Jones industrial average was down 150.43 points, or 0.91 per cent, at 16,298.75, the S&P 500 was down 14.18 points, or 0.73 per cent, at 1,925.2 and the Nasdaq composite was down 33.21 points, or 0.72 per cent, at 4,587.16.