Crude oil just broke $70 for the first time since June 2010.
West Texas Intermediate crude futures sank below $70 after Thursday's OPEC meeting resulted in the oil cartel announcing that it will not cut production.
On Thursday, WTI futures were down as low as $68.90, a more than 6% decline in the last 24 hours following the news.
The recent slide in oil prices has been attributed, among other things, to a global supply glut.
Brent crude oil futures, considered the global benchmark, were also down more than 5% on Thursday to below $73 a barrel.
And from the folks at Bespoke Investment Group, here's some context on just how huge the recent decline in WTI prices has been.
Here's the crazy WTI chart.
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