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NEW YORK — Crude prices fell sharply to end the week and natural gas tumbled to seven-year lows as a worsening economy led to more painful cuts in the industrial sector.
Benchmark crude for May delivery dropped $1.96 to settle at $52.38 a barrel on the New York Mercantile Exchange. The price decline put an abrupt end to a weeklong rally, but oil prices were still 3 percent higher than a week ago.
