Crude oil continued its volatility as prices fell below $60/barrel. Investors don’t know where black gold is heading as global appetite remains and corporate earnings reports remain unclear. The news sent the United States Oil Fund (USO) down 2.6% in morning trading.
Overall all three major U.S. indexes are in negative territory with the Dow Jones Industrial Average down nearly 1%, the S&P 500 down 1% and the Nasdaq down 0.8%.
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Kevin Grewal contributed to this article.