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Oil slumps to seven year lows

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks closed in the red on Monday as energy and materials stocks slumped after oil prices closed at lowest levels in nearly seven years. The Dow Jones Industrial Average slid 0.7% and the Nasdaq Composite fell 0.8%. The S&P 500 closed 0.7% lower. Falling oil prices weighed on energy stocks as S&P 500 energy sector tumbled 3.6% with Exxon and Chevron declining almost 3%. Airlines advanced helped by lower oil prices, JetBlue Airways and Delta Airlines posted the biggest gains around

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