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Historical oil price data shows one day price drops of 7.7% or higher are relatively rare
Last Monday saw the largest drop in oil prices for West Texas Intermediate (WTI) in four months, when the U.S. crude benchmark shed 7.7% of its value in a single day of trading. Concerns over the Greek debt crisis, weakness in the Chinese stock market and the potential for increased oil exports from Iran all contributed to pushing prices down.

Single-day price drops of that magnitude are relatively rare, according to information from the Energy Informa...

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