Oil futures prolonged last week's pullback and closed today at their lowest price since Dec. 19. Questions about global demand moved into focus as Greece's political turmoil pushed the country closer to losing its euro-zone membership, and as anxieties over a slowing Chinese economy hit the Street. Crude for June delivery fell $1.35, or 1.4%, to end at $94.78 a barrel.
Similarly, gold futures dipped today, as the malleable metal weakened in step with oil and stocks. As the U.S. dollar got a safe-haven boost, June-dated gold hacked off $23, or 1.5%, to settle at $1,561 an ounce -- its lowest closing price of 2012.
Levels to Watch in Trading:
For today's notable annual highs and lows, click here.
At the end of every market day, the staff at Schaeffer's Investment Research reviews the trading day in detail, covering major events and key market developments. Don't miss this critical, timely and insightful report. If you enjoyed today's edition of Market Recap, sign up here for free daily delivery straight to your inbox.
The Case for Big Moves in IWM and QQQ
Featured Partners: AOL DailyFinance
© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: email@example.com
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.