Crude oil is now trading at about $96 a barrel, down from well over $110 in recent weeks. Some investors are seeing signs of an economic slowdown in the U.S. and in other parts of the world ? and believe that will cut demand for oil.
Copyright ? 2011 National Public Radio?. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.
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LINDA WERTHEIMER, host:
NPR's business news starts with commodities taking a tumble.
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WERTHEIMER: Commodity prices are plunging and that includes a big drop in the price of oil this week. Crude oil is now trading at about $96 a barrel, down from well over $110 in recent weeks. Some investors are seeing signs of an economic slowdown in the U.S. and in other parts of the world - and believe that will cut the demand for oil.
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Source: http://www.npr.org/2011/05/06/136045330/business-news?ft=1&f=3
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