Oil Prices Plunge to $104. 48 on Weak Demand, Surging Dollar

Crude prices tumbled on the New York Merc after inventory reports indicated that demand is slackening on sagging US growth and a rebounding US dollar. Sharpest single day decline in 17 years. U.S. light crude for April delivery fell $4.94 a barrel to $104.48 on NYMEX.

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