Bubbling crude oil
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Price of oil falls to a five-year low

The price of oil has dropped to its lowest point in five years.

A slow-down in manufacturing in China and Europe and increasing supply have been the main reasons for this drop.

A price of a barrel of Brent Crude reached a nadir of $67.53, which hit several oil-producing countries, in particular Russia, very hard.

Robert Peston reports.

  • 02 Dec 2014
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