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Oil tumbles as China lifts subsidies Economy
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score: -1
score: 2, Economy, 2008-06-19 21:00:39, published by CNN
Oil prices sank nearly $4 Thursday after the Chinese government said it would raise prices on gasoline and diesel, effectively lifting subsides that have been criticized for driving oil prices higher, in a move that could curb demand from the country's rapidly growing economy. [additional details]