U.S. stock market collapsing as global currency war heats up

‘Amid a global financial system that remains in flux, oil prices tanked Friday as well, sending prices below $40 a barrel for the first time since the Global Recession was at its peak in 2009.

Prices touched a six-and-a-half year low of $39.86 a barrel for a brief period, rising above $40 to settle around just above that mark by early afternoon, according to Reuters and Bloomberg Business.’

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