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Energy crash hits share market hard

2014-12-01 12:54:29| Energy - Topix.net

Australia's energy sector has suffered its biggest two-day loss since before the global financial crisis, wiping $12.3 billion from the sector's market capitalisation, following OPEC's refusal to cut oil output. The benchmark S&P/ASX200 energy sub-index has slumped 13.4 per cent over the last two sessions, plummeting 1707.93 points to 11073.36 points.

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