Tuesday saw crude oil futures close six dollars lower than start of day on concerns that oil demand will slump on slowing economic growth that sparked off a broad sell-off in energy commodities. OPEC has lowered its forecast for world oil-demand growth for 2008 and 2009, plunging crude futures by over US$6 a barrel, the biggest daily drop in more than 17 years.
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Wednesday, July 16, 2008
Crude oil plunges by over US$6- the largest single day drop
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