Oil Tumbles 9%

Monday, October 12, 2009

The price of oil plunged Monday as the dollar advanced, equities sold off and investors remained concerned about weak demand and rising inventories.

Crude prices tumbled four and a half dollars, or almost 9 percent, ending the session at 45.88 dollars a barrel.

Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.

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