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Oil ends at 19-month low below $60 |
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Written by Webmaster
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Tuesday, 11 November 2008 |
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The price of oil fell to a 19-month low Tuesday, sliding below the psychologically important $60 level, as investors looked past China's massive economic stimulus plan to focus on weak global demand and a stronger dollar.
GM closes under $3 - first time since '46
Shares of General Motors plunged another 13% on Tuesday to a 65-year low, closing below the $3 mark for the first time since 1946.
 Obama, Bush deny bailout bargaining
Both the White House and a senior aide to President-elect Obama on Tuesday emphatically denied there had been any attempt on the part of President Bush -- while meeting with Obama on Monday -- to link a federal bailout of the struggling auto industry or a second stimulus package to passage of a Colombia free trade deal.
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Last Updated ( Tuesday, 11 November 2008 )
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