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Oil Suffers Worst Monthly Drop Since 2008 – The Wall Street Journal

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- Hirdetés -

Oil prices resumed a months-long slide on Friday, briefly dipping below $50 a barrel on fresh doubts about Russia’s commitment to cut crude production.

- Hirdetés -

U.S. crude prices notched their biggest one-month percentage loss since October 2008, down 22% in November. Light, sweet crude for January delivery settled 1% lower at $50.93 a barrel on the New York Mercantile Exchange, and traded as low as $49.65 before recouping some losses. Brent, the global benchmark, declined 1.3% to $58.71, closing at a fresh one-year low.

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