04/19/2010
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MARKET WATCH: Crude takes largest 1-day loss since February
The price of the front-month crude contract continued to fall Apr. 16 in the New York market, dropping 2.65% to close slightly above $83/bbl in the largest 1-day percentage decline since early February as it followed the equity market down after the US Securities and Exchange Commission charged The Goldman Sachs Group Inc. with fraud over subprime-related trades of financial securities.