SINGAPORE | Oil price nosedives again on economic growth concerns

23Nov - by Editor - 0 - In STL.News



SINGAPORE— The price of oil plunged Friday, adding to recent losses, on concerns that economic growth will soften, eroding demand for energy.

Stock markets were less volatile, though trading was thin as U.S. markets are set to open for only a half day after the Thanksgiving holiday.

ENERGY: The benchmark U.S. crude contract fell $3.80, or 7 percent, to $50.84 per barrel in electronic trading on the New York Mercantile Exchange.

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