Oil plummets, breaks below $100/bbl

From fxstreet.com

Crude oil continue to fall on Thursday, having lost more than 7%, as concerns about economic growth and monetary tightening hit commodities. Crude for June delivery has broken below $100/bbl during the American session, reaching a low of $99.55 per barrel so far. Contract is currently at $99.85/bbl. Brent oil fell to $111.20 per barrel from $121/bbl reached earlier.