The reasons oil prices started sliding in June were hiding in plain sight: growth in U.S. After three-and-a-half months of slow decline, the tipping point for a steeper drop came on Oct. 1, said Ray Carbone, president of broker Paramount Options Inc. That's when Saudi Arabia cut prices for its biggest customers.
via Business News http://finance.yahoo.com/news/oil-29-tumble-took-investors-045300924.html
via Business News http://finance.yahoo.com/news/oil-29-tumble-took-investors-045300924.html
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