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Oil slumps on prospect of no output cuts

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks ended lower on Tuesday as the resumption of oil decline once again undermined investor confidence. The dollar was little changed. According to live dollar index data the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, was flat at 97.43. The S&P 500 closed 1.3% lower at 1921.27. Only utility stocks ended 0.1% higher while remaining nine sectors finished in the negative territory led by energy stocks, down 3.2%. Material and

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