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Oil falls below $46, at almost four-year lows

This article was posted on Dec 4, 2008 and is filed under Market Outlook

SINGAPORE: Oil fell below $46 a barrel on Thursday, to almost four-year lows, on fears of deepening economic woes, which overshadowed bullish weekly US oil stocks data. US light crude for January delivery fell 89 cents a barrel to $45.90 by 0224 GMT, having earlier fallen as low as $45.75.

London Brent crude fell $1.09 to $44.35.

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