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Oil Prices Tumbled to Worst Day in Nearly Three Years
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Energy prices got slammed by fears of a global economic slowdown stemming from President Trump's tariff plan, and OPEC and its market allies piled pressure onto the U.S. energy industry by open up the spigots. U.S. oil futures fell 6.6%, or $4.76 a barrel to close at $66.95, their worst day on a percentage basis since July 2022, when a spike after Russia's invasion of Ukraine was unwinding. Futures started selling off while Trump was still talking about his tariff plan Wednesday afternoon.
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