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Oil slides for 4th day

China Daily | Updated: 2010-11-18 07:49

SINGAPORE - Oil fell for a fourth day, as speculation that fuel demand will fall as China attempts to cool its economy outweighed signs that US consumption is rising.

Futures extended Tuesday's 3 percent slide after Chinese Premier Wen Jiabao said the government was drafting measures to counter inflation.

Prices also fell on concern Europe's debt crisis is worsening.

Oil slides for 4th day

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