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Brent drops below $30 a barrel

Whoooossshhh.

That’s the sound of Brent crude, the global oil marker, falling below $30 a barrel for the first time since April 2004.

Brent, which started the day in the red only to climb as much as 3.4 per cent, fell 2.8 per cent to $29.99 in late afternoon trading.

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