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strong dollar
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Oil plunges to eight-month low on strong dollar, recession fears
Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil.
Oil slumps 6 pct to four-week low on recession worries, strong dollar
Oil prices tumbled about 6 percent to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy.
