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Archive Home > 2008 > July > 16 > Oil prices plummet on inflation worries

Oil prices plummet on inflation worries


July 16, 2008

NEW YORK — Oil prices fell harder than they have in 17 years Tuesday as fears that record fuel prices are spreading broad economic pain exacerbated the third big sell-off in just over a week.

Light, sweet crude plunged $6.44, or 4.4 percent, to settle at $138.74 a barrel in an....

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