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Oil plunges to eight-month low on strong dollar, recession fears

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 slumps 6 pct to four-week low on recession worries, strong dollar

 
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