Oil tumbles below 82 dollars in Asian trade

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Geo 436 SINGAPORE: Oil tumbled below 82 dollars in Asian trade Monday, extending last week’’s losses as financial markets reeled from the impact of fraud charges against Wall Street icon Goldman Sachs, analysts said. New York’’s main contract, light sweet crude for delivery in May, was down 1.49 dollars at 81.75 dollars a barrel. Brent North Sea crude for June tumbled 1.11 dollars to 84.88 dollars.

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