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Page added on July 13, 2009

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Oil price drop crimps energy profits, drags down stocks

Troubles in the oil patch are spilling into Wall Street as investors worry the same things hurting crude prices will injure the stock market, too.

Slack worldwide demand for energy and concern that the economic recovery will be slower than hoped are pushing oil prices down and threatening the profits and stock prices of energy companies.

That’s discouraging investors from buying energy



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