Oil prices plunged overnight as a global supply glut forced prices down in a flurry of moves by the world’s biggest oil exporter.

Here’s how it happened.

The rout, the worst in nearly four decades, is one of the biggest in decades and the worst since World War II.

It left oil companies and traders scrambling to find ways to stay on top of their market.

In the first hour of the rout, crude oil prices dropped by more than $20 a barrel to $61.60 a barrel in London.

The move left a hole of nearly $20 billion in global oil prices.

The price drop was followed by another, which was followed almost immediately by another plunge, this time to $66.40 a barrel.

The second day’s move in the lower-price range was followed two days later by a third, and on Tuesday a fourth.

“It was a very, very steep drop,” said Andrew Zymanski, chief investment officer at Horizon Oil & Gas.

“There were several points on the chart where the market was very, well, off the mark.”

On Wednesday, oil prices fell another 10 percent.

The drop was also followed by a surge in U.S. crude, which rose by more a whopping 12 percent to $48.60.


S., U.K. and European stocks were among the hardest hit, with the Nasdaq index dropping more than 5 percent.

Oil prices fell to $52.80 on Wednesday, up more than 25 percent from their previous low.

They have fallen by as much as $20 since May 10, when prices hit a six-month low.

Oil price declines and higher inventories have been the main factors driving prices down.

As the global supply of oil has fallen in recent months, so has demand for oil.

It’s made the market more competitive, which has pushed up prices.

On Wednesday afternoon, Brent crude oil fell by more $2.10 a barrel, or 3.1 percent.

That was the biggest drop in more than a month, after a 1.9 percent decline on Tuesday.

Brent is currently trading at $49.25 a barrel on the New York Mercantile Exchange.

The European Union and Canada were among other countries that began a steep fall in crude prices, with their crude futures falling by more more than 2 percent.

U of C President Meegan Krieger said that for the next three days, U.C. exports will be down by around 20 percent.

“If you look at the last two days in particular, I think there’s been a big drop,” she said Wednesday.

Krieher said that she’s concerned about U.N. efforts to fight climate change and the need to get people to use less fossil fuels.

“We’re not just going to be able to take the pressure off on the global economy with reduced demand,” she added.

“That’s going to have a ripple effect on the rest of the world.”

The U.L.C.-based oil company said it will continue to pump as much oil as it can from the U.U.S.-based Eagle Ford in order to keep its supply base strong.

The company said Wednesday that it has received $1.1 billion in federal funding for its shale oil project in North Dakota, which will create more than 4,000 jobs.

The project has been delayed by the recession, but the company said that it will start pumping by the end of the year.

UBS said it expects the U, S. and Europe will see the biggest decline in demand from the supply glut this year, though it expects that the market will recover.