Oil Price Falls From Record as London Blasts Threaten Economic Growth

Oil Price Falls From Record as London Blasts Threaten Economic Growth

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Crude oil, after reaching a record $62.10 a barrel in New York, plunged as terrorist bombs that killed at least 37 people in London raised the possibility of an economic slowdown. It was the biggest price swing in 14 years.

Today’s $4.90 intraday move was the biggest swing since the Persian Gulf War in 1991. On [...]

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