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How Are You Playing Oil's Slide?

Thursday, 6 Dec 2012 | 11:35 AM ET

Brent crude oil fell below $108 a barrel on Thursday after comments by European Central bank President Mario Draghi raised the prospect of further weakness in the euro zone and a bleaker outlook for oil demand.

Tyler Stableford | Image Bank | Getty Images

"The Governing Council continues to see downside risk to the economic outlook for the euro area," Draghi told a news conference after an ECB policy meeting.

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Oil prices reacted to the statement swiftly, falling more than 50 cents per barrel. Brent crude was down 0.9 percent to below $108 a barrel, after dropping for the past three sessions. U.S. crude lost about 1.4 percent to $86 a barrel.

— Reuters contributed to this report

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