Lots of new worries that high prices are beginning to pinch demand for oil, exacerbated by IAE's...
Lots of new worries that high prices are beginning to pinch demand for oil, exacerbated by IAE's latest report, Saudi Arabia reportedly reducing daily production 500,000 barrels/day, and Goldman's bearish comments. Oil futures tumble again - NYMEX -3.3% to $106.24 - weighing disproportionately on energy stocks (XLE -2.8%), today's worst performing group.
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