Following the sharp pullback seen in the previous session, the price of crude oil showed another substantial move to the downside during trading on Friday.
Crude for May delivery has plunged $4.95 or 7.4 percent to $62 a barrel after plummeting $4.76 or 6.6 percent to $66.95 a barrel in Thursday's session. With the extended nosedive, the price of crude oil hit its lowest level in over three years.
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