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Oil hits US$40 as OPEC considers concessions

There are magical numbers in most spheres of life. Cricketers fear scoring 87 or 99 runs, 7% unem...

Hayden Lilienthal

On Monday the price of crude oil topped out at US$40.05 on New York's Nymex exchange for the first time in over a decade, just shy of the record US$41.15, reached in October 1990 after Iraq invaded Kuwait....

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