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Oil prices fall, but still too high, hurting growth: IEA

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The eurozone debt crisis, a Chinese slowdown and increased supply depressed oil prices in May but despite fears of a sharp drop, they still remain high and crimp growth, the IEA said on Wednesday.

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Oil price plunge signals high uncertainty over economy: IEA

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Oil is riding a ‘big dipper,’ with prices plunging again on uncertainty about debt levels in the West, signs of a slowdown in emerging markets and political paralysis, the IEA said on Wednesday.

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