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Oil Slides To Two-Week Low As Market Dips

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Oil reaches two-week low as the global market declines.

The global market plunge has affected nearly every equity, making oil no different. Thus oil has reached its lowest price point in over two months.

Bloomberg Market reports, “Crude futures in New York fell a third day, sliding as much as 1.6 percent”.

They continued by sharing, “‘Oil prices could not escape the risk-off mood in financial markets,’ said Norbert Ruecker, head of commodity research at Julius Bear Group Ltd. in Zurich”.

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