Crude Oil Leads A Broad Selloff - Wall Street Journal

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BY BRIAN BASKIN A steep drop in crude-oil prices triggered declines across the commodities spectrum, as investors nervous about the pace of the economic recovery gravitated back to the dollar. "People are buying the dollar," said Michael Gross, broker and futures analyst with OptionSellers.com. "Funds are liquidating everything else." The week's wild commodity price swings underscore how investors aren't totally committed to betting that the world economy is on an upward track.

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