Oil Takes Worst Weekly Tumble Since 2008 on Supply-Demand Shock
Extracted crude oil splashes on a worker’s hand as it’s being pours from a pipe in the village of Wonocolo, East Java, Indonesia (Photographer: Dimas Ardian/Bloomberg)

Oil Takes Worst Weekly Tumble Since 2008 on Supply-Demand Shock

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(Bloomberg) -- Oil headed for its biggest weekly drop since 2008 as an unprecedented dual supply-demand shock showed no signs of abating.