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The spot price of U.S. crude oil sank to $49.85 per barrel during afternoon trading in New York on Thursday, inching below the $50.00 milestone already breached by London Brent crude and touching the lowest level since May 2005 as record U.S. job losses intensified concerns of a long and deep global recession and further crushed demand expectations.
… The three-month bill's rate dropped 13 basis points to 1.36percentt after touching 1.31percentthethe lowest level since July 2004.
That is the lowest level ever recorded.
That was the lowest level since April 2000.
That was the lowest level since December 1997.
That was the lowest level since late May.
It was the lowest level since December 2011.
That's the lowest level since early April.
That's the lowest level since 2000.
That's the lowest level since 1987.
This was the lowest level since July 1971.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com