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12
Jan
2015
Oil prices extend falls; Goldman Sachs slashes forecastsBy:OIL Oil prices renewed their declines on Monday, dropping below $49 a barrel as Goldman Sachs slashed its short-term forecasts and Gulf producers showed no signs of cutting production. Both Brent and US crude are around their lowest since April 2009 and have fallen for seven straight weeks on a growing supply glut.
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