Oil leads commodities price plunge

Oil leads commodities price plunge A record plunge in oil prices led the sharpest sell-off in commodities in two years on Thursday as investors fled the market amid mounting concern over the strength of the global recovery.

Brent crude, the oil benchmark, tumbled more than $10 a barrel – its biggest fall in absolute terms – as investors bet that recent sharp gains in raw material prices would sap demand and compel emerging countries’ central banks to raise interest rates to head off runaway inflation.
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