Falling Oil Prices Weigh On Markets

The US equities markets were modestly bearish today, with many stocks being sold due to slumping oil prices. Specifically, the energies sector sunk over 3% today after Saudi Arabia and Russia acknowledged that they were considering production increases. This sent oil prices plummeting, with the oil ETF USO falling over 4% for the session. Meanwhile, after the cancellation of the proposed summit with North Korea, the Trump administration revealed that negotiations with North Korea were still active and that dialogue was still preceding. We also saw continued strength in the US dollar as the euro currency continues to slump due to economic weakness and political uncertainties in the eurozone. Here’s what to expect.