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Tuesday, September 25, 2001
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Oil prices plunge

LONDON, SEPT. 24. World oil prices today plummeted by over 12 per cent to their lowest level for almost 18 months on growing confidence that the U.S.-led war on terrorism will not crimp precious West Asian oil exports to the west.

Fears of a faltering global economy also helped tip prices decisively lower while oil producing cartel, OPEC, was left flummoxed in the wake of fast moving oil markets.

- Reuters

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