Oil prices fall near 2003 lows on oversupply, demand worries | Reuters:
"Oil fell on Thursday, turning back toward 12-year lows on persistent concerns about oversupply and the outlook for demand.
Oil futures have hit their lowest since 2003 this week as investors worry that a glut of crude is combining with slowing demand due to economic weakness, especially in China.
Benchmark Brent was down 16 cents at $27.72 a barrel by 1401 GMT. Brent has lost 26 percent in January, on track for its biggest monthly fall since 2008."
'via Blog this'
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