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Commodities Briefing - Categorized | Oil, Price Watch more

Crude falls on deepening recession fears

Posted on 03 March 2009

From FT: Oil prices tumbled $4 a barrel yesterday, leading a broad retreat, amid fears the global economic recession was deepening.

Manufacturing activity remained mired in recession in the US, the UK and Europe, according to the February purchasing managers’ surveys, which underlined concerns about demand prospects for commodities….. Full Article: Source


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