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Analysis: Oil's sharp price drop fuels questions for stock market

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - U.S. stock investors are wary that a 30 percent slump in oil prices will pressure corporate profits while also presenting a sign of weakness in global growth at a time they are already weighing when the long economic expansion will end.Oil prices fell further on Thursday as the Organisation of the Petroleum Exporting Countries met in Vienna. OPEC and allied exporting countries ended the meeting without announcing a decision to cut crude output, and prepared to debate the matter the next day. Oil's drop holds economic benefits, including lower costs for ...

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First Published: Fri, December 07 2018. 02:48 IST