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Oil = $81

Posted By Barry Ritholtz On October 10, 2008 @ 5:25 am In Commodities,Energy | Comments Disabled

Wow!  As the markets crater, Crude Oil has really gotten shellacked — down about 40% from the peak in July. 

While the SPX too a full year to lose that much, this has been 4 months:
>

November Crude Oil Futures
Oil_nov_08 [1]

via Barcharts [1]


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[1] Image: http://charts3.barchart.com/chart.asp?vol=Y&jav=adv&late=y&grid=Y&divd=Y&org=stk&sym=CLX8&data=A&code=BSTK&evnt=adv

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