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(L-R)- Mr. Waruna Sri Dhanapala, Acting Secretary, Ministry of Digital Economy; Dr. P. Nandalal Weerasinghe, Governor, Central Bank of Sri Lanka; Hon. Chathuranga Abeyasingha, Deputy Minister of Industry and Entrepreneurship Development; Dr. Hans Wijayasuriya, Chief Advisor to the President on Digital Economy; Ms. Azusa Kubota, Resident Representative, UNDP in Sri Lanka; Hon. Eranga Weeraratne, Deputy Minister of Digital Economy; Hon. Professor Chrishantha Abeysena, Minister of Science and Technology in Sri Lanka; and Fadhil Bakeer Markar, Team Leader, Strategic Engagement, Digital and Innovation, UNDP Sri Lanka

LONDON, November 12, 2008 (AFP) - Oil prices sank under 53 dollars a barrel here on Wednesday, hitting the lowest level since January 2007, as traders worried about weaker demand for energy amid a gloomy economic outlook.

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In afternoon London trade, Brent North Sea crude for delivery in December plunged to 52.

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88 dollars a barrel, a level last seen on January 22, 2007.

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New York's main contract, light sweet crude for December, dropped to 56.

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41 dollars a barrel, which was last witnessed on March 20, 2007.