WTI Crude Oil Crashes Below $50 per Barrel

by John Galt March 9, 2017 05:30 ET With little warning West Texas Intermediate crude oil contracts took a dive just after 5 a.m. Eastern Time with a fast $1.00 drop bringing the price below the $50 per bbl. level. Brent has also dropped below the $53 level which means this sell off could accelerate throughout the day. As of this posting, the only Middle East equity market with a major downturn is the Abu Dhabi (ADX) Stock Exchange is reflecting any negative impact from this sudden drop but it has…

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