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As Oil Prices Fell to levels not seen in more than a decade, investors dumped stock, and at one point, the dow was off more than 500 points. At the close, it was down 390, putting the index below 16,000. Senior National Security correspondent Senior National correspondent, i should say, Anthony Mason is joining us now. Anthony, whats going on . Reporter all three major indexes, scott, are now in correction territory. Thats down 11 or more from their recent highs, as worries about Global Growth have spread, stocks around the world have lost 5. 7 trillion in value just this year. Oil prices are worrying wall street. Crude, which fell to 29 a barrel, a 12year low, is down months. Theres just too much oil. The w ....
At the close, it was down 390, putting the index below 16,000. Senior National Security correspondent Senior National correspondent, i should say, Anthony Mason is joining us now. Anthony, whats going on . Reporter all three major indexes, scott, are now in correction territory. Thats down 11 or more from their recent highs, as worries about Global Growth have spread, stocks around the world have lost 5. 7 trillion in value just this year. Oil prices are worrying wall street. Crude, which fell to 29 a barrel, a 12year low, is down more than 70 over the past 18 months. Theres just too much oil. The world is using 95 Million Barrels a day but suppliers are pumping nearly 97 million, and in fsanctions on iran a ....
Correspondent, i should say, Anthony Mason is joining us now. Anthony, whats going on . Reporter all three major indexes, scott, are now in correction territory. Thats down 11 or more from their recent highs, as worries about Global Growth have spread, stocks around the world have lost 5. 7 trillion in value just this year. Oil prices are worrying wall street. Crude, which fell to 29 a barrel, a 12year low, is down more than 70 over the past 18 months. Theres just too much oil. The world is using 95 Million Barrels a day but suppliers are pumping nearly 97 million, and in fsanctions on iran are lifted, more oil will floot floodon to the market. Thats good news for gas prices. A gallon of unleaded has dropped to 1. 92, almost half what it was 18 months ago. And theres no floor in sight for oil prices yes, or for this marke ....
Senior National Security correspondent Senior National correspondent, i should say, Anthony Mason is joining us now. Anthony, whats going on . Reporter all three major indexes, scott, are now in correction territory. Thats down 11 or more from their recent highs, as worries about Global Growth have spread, stocks around the world have lost 5. 7 trillion in value just this year. Oil prices are worrying wall street. Crude, which fell to 29 a barrel, a 12year low, is down more than 70 over the past 18 months. Theres just too much oil. The world is using 95 Million Barrels a day but suppliers are pumping nearly 97 million, and in fsanctions on iran are lifted, more oil will floot floodon to the market. Thats goo ....
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