It’s not just the stock market that tumbled this week. Crude oil prices are down sharply, too. But is this the end of the “epic price rally” that I wrote about two weeks ago?
Benchmark West Texas Intermediate crude has fallen by more than 10% from its Jan. 26th peak of $66 per barrel. Much of that selloff has coincided with the sudden drop in stock prices that began a week ago. This week, when the Dow Jones Industrial Average saw its two biggest single-day point drops in history, WTI came along for the ride.
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