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Global oil glut sends US stock markets plummeting

Discussion in 'Market News' started by Lily, Jan 25, 2016.

  1. Lily

    Lily Forum Member

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    Dow finishes down over 200 points and global markets dip after crude oil prices fall on news that Iraq will inject record oil production into oversupplied market

    US stock markets fell once more Monday as a renewed slump in oil prices, anxiety over global economic growth and central bank policies all but wiped out last week’s brief recovery.

    The Dow Jones Industrial Average lost more than 200 points, or 1.3%, and the S&P 500 and tech-heavy Nasdaq both fell over 1.5%. European markets had already finished the day down: in London the FTSE 100 closed down 23.01 points, or 0.39%, Germany’s DAX dropped 0.29% and France’s Cac fell 0.58%.

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