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Oil Slides Toward Multiyear Lows
By Mark Williams
Columbus, Ohio -- Oil prices slid closer to a new multiyear low Thursday because of growing doubts that the $789 billion stimulus package will reinvigorate the U.S. economy and demand for energy.
Light, sweet crude for March delivery fell 59 cents to $35.35 a barrel on the New York Mercantile Exchange. The contract has closed lower every day this week and on Thursday, dipped as low as $34.26.
There were also more signs of economic weakness. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
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10 Yr
3.55%
SPDR Gold
108.95
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|
+0.20%
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+0.58%
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+1.45%
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+1.69%
|
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