DEFLATION: Oil Now On Its Longest Losing Streak In Eight Years

Crude Oil Barrels

Crude-oil futures tanked for a ninth straight session Monday, a milestone in the commodity’s poor performance history.  Lack of demand, again, has investors looking to sell. Crude for January delivery ended down 36 cents, or 0.5%, at $69.51 a barrel on the New York Mercantile Exchange. The nine-day loss was the longest such streak since July 2001.

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