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Crude's slide follows a drop of $6.44, or 4.4 percent, during a volatile trading session Tuesday. That decline was the biggest one-day drop in dollar terms since the Gulf War.
Light, sweet crude for August delivery fell $5.10 at $133.64 a barrel in morning trading on the New York Mercantile Exchange.
Crude's slide follows a drop of $6.44, or 4.4 percent, during a volatile trading session Tuesday. That decline was the biggest one-day drop in dollar terms since the Gulf War.
Light, sweet crude for August delivery fell $5.10 at $133.64 a barrel in morning trading on the New York Mercantile Exchange.
Sorry, LBear, but I can't get excited over oil at $134/bbl. Granted, it's better than $150+. It's kind of like having your blood pressure at "only" 155/99 after having a near-stroke at 170/110.
@Mike from Back East...if you invite me over to watch the 'lympics on your gi-normous plasma TV, I'll bring some of my Prairie Dog n onion dip.
Sorry, LBear, but I can't get excited over oil at $134/bbl.
I know it's hard not to be pessimistic but oil has seen the largest 3-day drop in nearly 25 years. It is at $129 a barrel today.
Jazzlover, where are you? I know it's not doom & gloom news but any good news is worth telling.
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