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Oil plunges again–what’s next?

Oil prices went into free fall today, continuing the bear market in the commodity. U.S. benchmark West Texas Intermediate fell 7.73% on the day to $55.30 a barrel. International benchmark Brent dropped 7.05% to $65.18 a barrel. Yesterday oil had rallied on news out of Sunday's OPEC gathering that Saudi Arabia would cut production by […]

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