"Oil slump" refers to a significant decrease in the price of oil in the market.
Sentences with «oil slump»
After oil slumped, the Canadian dollar fell in lockstep, eventually bottoming out near 77 cents in early March, 2009. (theglobeandmail.com)
On Monday, to no one's surprise, Iran ordered an increase in production by 500,000 barrels, and the market responded with oil slumping below $ 28. (oilprice.com)
Meanwhile, rising inflation and expectations for higher interest rates sent the U.S. dollar to fresh two - week highs as oil slumped on renewed glut risks. (hacked.com)