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Thursday, 09 October 2008 |
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Crude oil prices continued to fall today as a result of fears of the impact of the global financial crisis on demand and increase in the U.S. energy stockpiles.
The banks failed in their move to reduce the interest rates as a step to improve oil prices.
Meanwhile, the International Monetary Fund (IMF) stated in a report that the United States' move towards recession could expose it to pressure by the year 2009.
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