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Cheap oil, good for consumers, is slamming stocks. Why?

2016-01-20 23:10:00| Energy - Topix.net

Stocks are having their worst start to a year in history in part because of a rapid plunge in the price of oil. The price of crude is down 28 percent this year already, which in turn has dragged down energy company shares in the Standard & Poor's 500 index by 13 percent, which has helped pull the overall index down 9 percent.

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