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Crude Crumble! US Crude Oil Plunges 34% Since October 3rd

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

US Crude Oil (West Texas Intermediate Cushing  OK) spot price has fallen 34% just since October 3, 2018. And using US oil company Phillips 66 out of Bartlesville Oklahoma as an example, Phillips 66 plunged 25% since October 3rd as well.

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At the south side of El Caribe, Venezuela has seen a plunge in their crude oil basket of 23% since early October.

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Venezuela’s El Presidente is not thrilled about the global decline in crude oil prices.

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Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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