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US crude oil futures settle at the lowest level since October 7

Settles at $78.36. Down $2.40 or -2.97%

The US crude oil futures are settling at the lowest level since October 7. The price is settling at $78.36. That’s down $2.40 or -2.97%.

The move to the downside was spurred on by report that the US strategic petroleum reserves fell 3.2 million barrels to the lowest level since June 2003.
The low for the day reached $77.71. The high was up at $80.66.
Settles at $78.36. Down $2.40 or -2.97%_

Major indices close lower for the second time in three trading days

Nvidia and Cisco earnings after the close

The major indices are closing lower for the second time in three days. Energy, financials, materials lead the declines. Nvidia and Cisco on tap to release earnings after the close.

The final numbers are showing:
  • Dow industrial average -211.17 points or -0.58% at 35931.04
  • S&P index -12.21 points or -0.26% at 4688.70
  • NASDAQ index -52.27 points or -0.33% at 15921.58
  • Russell 2000 index is down – -28.02 points or -1.16% at 2377.00
The sector winners include:
  • real estate, +0.65%
  • discretionary +0.59%
  • healthcare +0.17%
  • utilities +0.14%
The sector losers include:
  • energy, -1.74%
  • financials -1.11%
  • materials -0.63%
  • industrials -0.56%