Oil Prices Drop On Economic Concerns And Lowered Price Forecast

Filed under: Major Movement, International Markets, Forecasts, Middle East, Market Matters, Economic Data, Oil, Recession

Oil prices continue their recent slide today, with investors spooked by the global economy and a lower price forecast by Bank of America Merrill Lynch.



Concerns over the economic situation in Europe continue to weigh on investor's minds, and the major indexes were down over 2% at one point today before rebounding in late day trading.

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Oil Prices Drop On Economic Concerns And Lowered Price Forecast originally appeared on BloggingStocks on Tue, 25 May 2010 18:00:00 EST. Please see our terms for use of feeds.

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