Crude Oil Collapses To New Lows
Jan 29, 2015, 21:26 IST
We have new lows in crude oil.
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On Thursday, West Texas Intermediate crude oil prices crashed to below $44 a barrel.
Prices were down almost 4% on Wednesday so Thursday's drop represents another drop of just about 1%, though this marks yet another milestone for the the commodity amid its recent collapse.
WTI prices haven't been below $44 since February 2009.
So, still no clear bottom for oil.
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Here is Thursday's quick drop.
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