US Crude Oil breaks US$90

By Paul A. Ebeling, Jnr.,

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US Crude Oil breaks US$90 mark on global economic concerns


US Crude Oil prices fell and broke the important support mark of 90 bbl Monday as concerns about global economic slowdown offset fears of unrest in the Middle East.

The Crude Oil prices were pressured heavily after data showed that Japanese exports tumbled and industry giant Caterpillar Inc. ( CAT ) warned of a faster-than-expected global economic slowdown Monday.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks: CAT

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