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Suncor posts third-quarter loss of $376 million

2015-10-29 08:56:40| Oil & Gas - Topix.net

Oil producers like Suncor have been squeezed by persistent weakness in crude prices, which have fallen to around $43 a barrel - down 60 per cent from the high point last year. Suncor Energy Inc. has posted a third-quarter net loss of $376 million, a sharp reversal from the $919-million profit from the same period a year earlier.

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