Stock market in 2016 continues the worst start to a year of all time, and it’s led by the drop in crude oil prices today again. US oil settled down today by $1.75, or 5.28%, at $31.41 a barrel. To add to this selling frenzy, the commodities analysts at Morgan Stanley are warning that oil is heading toward $20 per barrel.
Seriously. Is crude oil the most insane chart in history? Long-term chart: https://t.co/EQGORMbG8p $USO $DWTI $OIL pic.twitter.com/1ClebAlABd
— StockTwits (@StockTwits) January 11, 2016