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Commodities Briefing - Categorized | Oil, Price Watch more

Oil falls below $49 on auto struggles

Posted on 31 March 2009

From CNNMoney.com: Oil fell below $49 a barrel on Monday after the U.S. government rejected restructuring plans from embattled automakers GM and Chrysler.

The moves - including forcing GM CEO Rick Wagoner out - renewed fears of potential bankruptcies at the companies and prompted a stock selloff…..Full Article: Source


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