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World Oil Prices Hit Record Low; US Firms Eye Exports

World oil prices hit an 11-year low Monday, plunging again on the possibility of an even bigger glut of crude oil on the global market as the United States ends its 40-year ban on oil exports. The global benchmark price for Brent crude drilled in the North Sea dropped 2 percent to $36.16 a barrel, a price not seen since mid-2004, while the price for the lighter, sweet crude drilled in the U.S. dipped 1.4 percent to $34.25. London oil analyst Kash Kamal of Sucden Financial said world...

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