What’s Behind the Big Selloff in Crude Oil

Storage tanks stand near an electric pumping unit as it removes crude oil from a well outside South Heart, N.D. Photograph by Daniel Acker/Bloomberg

If you want to know where the global economy is headed, check the oil markets. Sentiments about growth and inflation are baked into the price of oil as much as they are in anything else one can trade. Which is why the recent selloff is troubling for what it says about the state of the global economy.

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