Oil Price Drop Triggers a ‘Herd Mentality’ of Selling Carole Purdy No Comments Fees and Rates) Oil (Petroleum) and Gasoline Prices (Fares Production A decline of 9 percent in the per-barrel price since Tuesday, to below $50, reflects an increase in inventories. Still, analysts said they expected prices to bounce back. By CLIFFORD KRAUSS from NYT Business Day
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