Oil drops below $54 as global recession, supply concerns mount

An employee works on oil pumping gear, also known as nodding donkeys or pump jacks, at an oil plant operated by MND AS in Uhrice, Czech Republic, on Monday, March 23, 2015.  Photographer: Martin Divisek/Bloomberg
An employee works on oil pumping gear, also known as nodding donkeys or pump jacks, at an oil plant operated by MND AS in Uhrice, Czech Republic, on Monday, March 23, 2015. Photographer: Martin Divisek/Bloomberg

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