Summary
NEW YORK - Oil plunged nearly 9 percent to settle below $100 per barrel. Mounting concerns about the U.S. economy triggered the biggest one-day percentage decline in more than two years.
Thursday's decline of $9.44 per barrel, or 8.6 percent, brings the week's loss for oil to $14.13, or 12.4 percent.See the full content of this document
Extract
Oil Price Plummets As Demand Drops
Oil rose 35 percent from mid-February through the end of April. As it climbed above $100, economists warned that high fuel prices were taking a toll on the...
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