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Oil falls under $110 on recession fears

Brent crude slipped below $110 on Wednesday with European recession fears jockeying with sanctions on Iran to definite the outlook for oil supply and demand.

Flagging figures: Fears recession may be in the bag for Britain hurts oil prices
Flagging figures: Fears recession may be in the bag for Britain hurts oil prices
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Published 25 January 2012, 16:32Updated 11 October 2016, 06:56