Nymex Crude Futures Come Down With a Case of Swine Flu

摘要

Oil prices went on a roller coaster ride Monday. The market initially sold off, falling as low as $48.01 per barrel, as traders reacted to news of the swine flu outbreak. The epidemic could be bearish for crude if the situation worsens. It could eventually lead to reduced consumer spending, a sharper contraction in global trade and a deeper decline in demand for oil.