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Oil dives below $40 after rise in U.S. oil rigs

NEW YORK: U.S. crude oil prices on Friday dove below $40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years after a further rise in U.S. drilling and a drop in Chinese manufacturing.

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Oil dives below $40 after rise in U.S. oil rigs

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