Biggest One Day Drops in Oil

Crude is down over $7 per bbl on today's economic news, its second biggest dollar move since 1983. In percentage terms, this does not even crack the top 10. Here are the biggest one day drops of oil in the past 25 years.

080715 Oil.jpg

On the news, the S&P Energy Sector is down nearly 3%. Some of the biggest losers for the day are CONSOL Energy , Peabody Energy , Hess , Anadarko Petroleum and Williams Cos.