Bleak economic outlook hits oil price

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Bleak economic outlook hits oil price

Posted on 17 December 2008

From Sharecast.com: After a bright start, crude oil futures closed down on the day following a gloomy assessment on the state of the US economy from the Federal Reserve.

The downbeat statement accompanied the Federal Reserve’s decision to cut its key interest rate to a range of between zero percent and 0.25%….. Full Article: Source

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