Nymex building, most famous trading in the world flickr/Shiny Things
IPJNews – A global sell off on equity markets dragged crude prices by nearly 3 percent, the first decline this week.
The price for a barrel of crude dropped by more than $1 instantly when US markets opened. Markets in Asia and Europe fell in the day.
Also pushing oil prices lower was a strengthening dollar. Because oil is bought and sold largely in dollars.
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Brilliant improvement of original story – well done! AND great photo caption (yipeee!)