Crude Oil Tumbled on Fed's Tightening Concerns

Crude oil price tumbled as improvement in US economic data raised concerns for further tightening from the Fed. Signs of production recovery in Libya also pressured prices. The front-month contract for WTI crude oil plunged to a one-month low of 95.34 before recovering to 95.44, down -3.03%, at close.

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Crude Oil Tumbled on Fed's Tightening Concerns