BREAKING NEWS: Dow Plummets Over 300 Points As Oil Prices Continue A Downward Spiral

The Dow Jones Industrial Average has lost over 300 points as the US crude oil prices briefly dipped below $50 per barrel thrashing energy stocks on Monday.

US energy stocks dropped sharply on Monday as West Texas Intermediate (WTI) fell below $50 per barrel for the first time since 2009. Brent crude oil has tumbled to $53 at the New York Mercantile Exchange (NYMEX).

BREAKING NEWSWTI crude February futures fell by nearly 5 percent briefly falling to $49.95 a barrel in New York on Monday morning. It’s the lowest in more than five and a half years.

Brent crude hit its multi-year low dropping to $52.90 a barrel. Brent February futures fell by over 6 percent.

More details to follow…

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