Oil drops second day as IMF cuts global economy forecast

Source: Bloomberg
© Scanpix/RS
Oil fell for a second day since the IMF downgraded its global economy growth forecast by the most in three years. Oil futures declined 1.3% in London after the biggest weekly drop. The global growth will add 3.5% in 2015, compared with 3.8% growth anticipated in October, the IMF informed in its quarterly report yesterday.

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