Global oil plunges toward 2008 low

March 16, 2015 11:07 AM (UTC+8)

 

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THREE-DAY SLIDE IN GLOBAL OIL PRICES

Oil has nothing going for it. Despite today’s modest pullback in the dollar, the strong dollar trend is a downdraft for commodities. The world is running out of storage capacity. And Saudi Arabia has all the motivation in the world to knock oil prices down and hurt Iran. Don’t catch this falling knife, not at least for the next $10.

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