Petroleo Brasileiro SA (Petrobras) oil rigs stand under construction at the Verolme shipyard near Angra dos Reis, Brazil. (Photographer: Dado Galdieri/Bloomberg)
Oil Plunges Toward $10 After Sudden Index Shift Spurs Fire Sale
(Bloomberg) -- Oil prices plunged to within a whisker of $10 a barrel after a major index tracked by billions of dollars in funds bailed out of near-term contracts for fear prices may turn negative...