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Oil prices fall
 
Tuesday, 17 Mar, 2009
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LONDON, March 16: Oil prices slid on Monday after Opec decided against cutting output further and as the cartel’s kingpin Saudi Arabia said it ideally wanted $60-75 for a barrel of crude.

Brent North Sea crude for delivery in April shed $1.09 to $43.84 a barrel in London trade. At one point the contract was down more than $2.

New York’s main futures contract, light sweet crude for April, dropped 40 cents to $45.85 a barrel, also after initial losses of over $2.—AFP
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