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News Link • Economy - International

Oil Is Crashing Again


On Tuesday markets were higher, rebounding somewhat after three straight days of losses.

But crude oil, which has been getting routed in the last few months, and particularly the last of couple weeks, resumed its slide, falling more than 4% to below $82 a barrel on Tuesday.

The most recent drop in oil also follows news out of the International Energy Agency on Tuesday that nearly 3% of the world's oil production is vulnerable if prices fall to $80 per barrel.

Here's the 5-minute chart showing Tuesday's price drop in crude oil.

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