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Oil prices keep on falling

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By Euronews  with REUTERS
Oil prices keep on falling

<p>Crude oil prices fell below <a href="http://www.bloomberg.com/news/articles/2015-08-23/oil-extends-drop-after-falling-below-40-as-iran-to-boost-output">45 dollars (38.8 euros) a barrel</a> on Monday, their lowest level in over six years.</p> <p>Analysts say the price reflects a slowing down in demand from China just as production in Iran and the US threaten a global glut. </p> <p>Brent oil fell as much as 6.5 percent, extending a 7.3 percent drop last week that was the biggest in five months. </p> <p>Commodities sank to the lowest in 16 years on forecasts for the weakest Chinese growth since 1990, sending investors to seek out the safest assets.</p>