Crude Ends Down Almost 4 Percent on Japan Crisis

- March 15th, 2011

Reuters reports that on Tuesday, U.S. crude oil futures plunged approximately 4 percent.

Reuters reports that on Tuesday, U.S. crude oil futures plunged approximately 4 percent.

The market news is quoted as saying:

The International Energy Agency warned that OPEC’s cushion of spare oil output to calm the market was at its lowest in four years and that sustained high oil prices will damage world economic recovery.

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