REVIEW: Overnight Wall Street suffered big losses for the fourth consecutive session the previous Friday, as investors turned cautious ahead of the Federal Reserve meeting while a poorer-than-expected economic data out from China and the eurozone stoked concerns about slowing global growth.
Over on the New York Mercantile Exchange, crude oil prices sank deeper into the red, shedding 31 cents to US$48.14 per barrel amid worries that a rise in the number of US drilling rigs would add more pressure on the black commodity, which was already in the bearish territory.
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