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Oil falls near $49 as swine flu fallout eyed


Benchmark crude for June delivery was down $1 to $49.14 a barrel by afternoon in Europe, in electronic trading on the New York Mercantile Exchange. The contract Monday fell $1.41 to settle at $50.14.

Swine flu has killed up to 149 people in Mexico and cases have been reported in the U.S. and Canada. Authorities around the world have stepped up precautions, with many international airports checking passengers coming from Mexico and the U.S. for signs of flu.

Associated Press

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