January 13, 2015 5:47 PM

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Crude oil prices fall to six-year low

Global crude oil prices fell to an almost six-year low, today, as OPEC producer, the United Arab Emirates stood by the group's decision not to cut output to tackle a glut in the market. Brent crude oil slipped to 45.23 dollars as barrel, its lowest since March 2009. U.S. crude dropped to as low as 44.21 dollars a barrel. Oil prices have fallen 60 per cent from their June 2014 peaks.

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