We use cookies to offer a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements. By clicking accept, you consent to our privacy policy & use of cookies. (Privacy Policy)

Dow Jones futures
The Dow Jones index declined by more than 2% mostly because of the falling oil prices, rising risks of a deeper recession in the United States, and the ongoing corporate earnings season. Falling Oil Prices Drag Dow Jones As we reported earlier today, the price of United States oil dropped to the lowest level in more than two years. This decline happened as investors continued to question the deal that was signed between OPEC and Russia in the previous week. The key concern is that the deal will not help to rebalance oil prices because of the lack of demand. In fact, according to analysts, oil storage in the United States is running out. Just last week, the EIA reported that inventories had jumped to an all-time high of 19.5 million barrels.