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Oil and gas sector hammered as price falls

2014-11-28 07:59:09| Energy - Topix.net

Shares in Australia's oil and gas players are being hammered as tumbling crude prices prompt investors to re-examine major resources projects. OPEC oil ministers overnight decided to maintain their output target despite an oversupply and Brent North Sea Crude hitting a four and a half year low of $US72.74.

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