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LONDON: Oil slid additional on Thursday after dropping sharply from greater than three-month highs within the earlier session as a US authorities credit score downgrade weighed on sentiment, whereas issues round provide tightness supplied assist.
Scores company Fitch on Wednesday downgraded the principle US credit standing, reflecting an anticipated fiscal deterioration in addition to a excessive and rising authorities debt burden. The downgrade hit investor danger urge for food, pushing oil and international inventory markets decrease.
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