Crude oil falls more than $3
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The selloff came after the International Energy Agency lowered its estimate for worldwide oil demand. Also pushing down crude prices Tuesday: a key OPEC member left open the possibility that the oil cartel will increase output to curb rising prices. Anytime Saudi Arabia's oil minister makes such a pronouncement, it has an immediate impact in the NYMEX trading pits. Jon Decker reports.
Tags for this video: Arabia Cartel Crude IEA Oil OPECS Saudi
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