Oil slumps to close out biggest 3-day loss in a year

11 March 2017, New York — Oil skidded again on Friday, pushing prices to three-month lows as investors continued to flee bullish positions on worries that OPEC-led production cuts have not yet reduced a global glut of crude. U.S. crude slumped nearly 9 percent since Tuesday’s close, the biggest three-day decline since February of 2016. […] More »