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Why oil prices have nowhere left to go but down

May 4, 2016

Looking for a letup in the selling that has walloped markets over the past 24 hours? This morning at least, you’re about to be as disappointed as Ted Cruz.

Economic worries drove investors into the dollar and out of commodities, with oil taking an additional hit on fresh fears of a supply glut. It stands to reason that investors are probably wondering if this is the start of a stock-market selloff — it’s May, GET OUT.

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