The stock market posted its second straight day of sizable losses on Tuesday, and the oil market was not spared from the bullish trading. West Texas Intermediate (WTI) for November delivery closed at $88.85, a 17-month low, on October 7, 2014. The closing was $1.49, or 1.7% lower than the opening on the same day of trading.

Brent prices dropped to $91.72 per barrel, a 28-month low. OPEC recently announced its highest flow rates since 2012 due to more supply from Libya and Saudi Arabia – the latter of which has refused to slow down its produc...


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