Oil Prices Tumble Below $100 and Keep Falling. Here’s Why.

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https://www.barrons.com/articles/oil-prices-tumble-below-97-a-barrel-heres-why-51647341663


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Oil prices extended their slump on Tuesday as West Texas Intermediate crude futures fell below $96 a barrel to its lowest level this month.

Prices have now nearly retreated to prewar levels, as bullish traders have cashed in on bets they made before the run-up and new money is reluctant to buy in.