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Oil slump wreaks havoc

OIL prices plummeted to a new five-year low overnight, dragging markets and base metals down.

Kristie Batten

West Texas Intermediate crude oil slumped 4.5% to $US60.94 a barrel after OPEC trimmed its demand outlook for 2015. Unsurprisingly, energy stocks were punished in North America, weighing on markets....

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