Oil tumbles on flu outbreak - CNNMoney.com

Oil tumbles on flu outbreak Futures decline below $50 a barrel as concerns about a possible pandemic weigh on the market.

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NEW YORK (CNNMoney.com) -- The price of oil fell more than 5% Monday morning as concerns about the potential economic repercussions of a swine flu pandemic weighed on the stock market and lifted the U.S. dollar. Light sweet crude for June delivery was down $2.78 to $48.77 a barrel in pre-market, electronic trading. On Friday, oil surged nearly 4% to settle at $51.55 a barrel.

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