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Oil headed for biggest monthly drop since 2008
The price of oil is headed for its biggest monthly decline since December 2008.Oil has dropped more than 16 percent so far in May, erasing all of its gains for the year. That's helped lower gas prices and provided a little financial relief to cautious consumers.Prices are falling on expectations that the world won't use as much oil this year as previously thought. Europe's financial crisis is the
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