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Global Oil Prices Tumble Again Monday

World oil prices tumbled again Monday, dropping to lows not seen since late 2008 and early 2009, when the global recession was deepening. Global crude prices have been falling for months, with the latest plunge coming as Iran renewed its pledge to boost its crude exports, adding to the glut of oil on the world market. Oil produced in the United States fell below $35 a barrel in early trading, although the price recovered somewhat in the hours afterward to reach $35.27. Brent crude...

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