Crude prices plunged almost 7 U.S. dollars a barrel Tuesday, the biggest daily drop since 1991, due to fears that U.S. economic woes could hurt global oil demand.
Light, sweet crude for August delivery declined 6.44, or 4.4 percent, to settle at 138.74 a barrel on the New York Mercantile Exchange after hitting 135.92 dollars earlier. In London, August Brent crude fell 5.17 dollars to settle at 138.75 dollars a barrel on the ICE Futures exchange.
Source: Xinhua
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