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Oil falls, shares rise - led by Iberia (again)


The oil price tumbled 4.5% to USD70.89 per barrel in New York overnight, back near the 14-month low reached last week, as the US dollar strengthened. The fall also reflected weaker sentiment on equity markets related to company reports of falling sales and gloomy outlook statements, which have heightening concerns about an extended economic downturn. [352 words]

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