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Oil Plummets

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From AP:

Oil prices sank more than $2 a barrel for the second straight day on Thusday, falling below $70 on momentum that started after U.S. government data showed gasoline supplies growing last week, reversing two months of declines.

"It has largely been a technical selloff," said ABN Amro broker Lee Fader. "Some of the air is coming out of the bubble."

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Oil Plummets

Check it out.

From AP:

Oil prices sank more than $2 a barrel for the second straight day on Thusday, falling below $70 on momentum that started after U.S. government data showed gasoline supplies growing last week, reversing two months of declines.

"It has largely been a technical selloff," said ABN Amro broker Lee Fader. "Some of the air is coming out of the bubble."