Oil slumps 7%, falling below $38 (CNNMoney.com) and TradingMarkets 7 ETFs You Need to Know for Tuesday (TradingMarkets.com)

The price of oil fell Monday as investors remained focused on last week’s bad economic news and bet that demand for petroleum products will continue to decline.Light, sweet crude for February delivery fell .24, or 7.9%, to .59 a barrel. Last week, oil fell nearly a barrel as signs of economi…

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