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Oil falls below $90 a barrel


NEW YORK: Oil prices broke beneath a key support level on Monday, trading under $90 a barrel for the first time in eight months on expectations that a widening financial maelstrom will drastically reduce global demand for energy. Light, sweet crude for November delivery fell $3.06 to $90.82 a barrel on the New York Mercantile Exchange, after earlier dipping to $88.89.

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