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Brent Crude Oil Falls Below $60 Per Barrel

Europe's benchmark crude oil is selling for the lowest price in more than five years.  Brent North Sea crude for January delivery fell to 59-dollars and 49-cents a barrel in morning trading in London today.  This is the first time Brent's been below 60 dollars a barrel since July of 2009.  Industry analysts say slowing Chinese factory activity and weak currencies for emerging economies are choking demand and driving down prices.

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