Brent at two years low

LONDON: The price of oil continues to slide touching minimums for almost the last two years in the wake of fears over a recession, which would cause a drop in demand. Light Crude from Nymex went down to 56.35 dollars a barrel, the lowest level since March 2007. Brent in London went down to 52.75 dollars a barrel, the minimum since January of last year.

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