Oil Down Over 8% As U.S. Stocks Continue Downfall
U.S. stocks continue a fall for the second straight trading trading session as many investors brace for June inflation data. One of the biggest stocks that fell today was crude oil as it fell more than 8% to trade below $96 a barrel as commodities remain under intense pressure. One of the biggest factors to pressure that has been leading stocks in general to big drops is that investors are in fear of a global recession. We can easily be seeing the long beginning to one of the worst financial periods of all time as inflation continues a rise and commodity prices are in a fall.