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Brent oil under 60 dollars for first time since mid-2009

01 Feb 2016 | Admin Author


The price of Brent crude oil slumped to a fresh five-year low on Tuesday, as weak Chinese manufacturing data stoked global demand concerns, with sentiment also plagued by over-supply.

In morning trade in London, the price of Brent North Sea crude for delivery in January sank to 59 dollars 63 a barrel, breaching the key level of 60 dollars for the first time since mid-2009.

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