Oil crashes 40% to multi-decade lows.


The price of the WTI oil dropped 40% on Monday and traded at around 11 USD, which are levels last seen in 1998. Moreover, today's crash was the biggest on record.

Meanwhile, US equities declined notably, and the SP500 index was down 1%, but the dip seems to be interesting for buyers, and bulls are now trying to erase this decline. 

From other news, The Chicago Fed's National Activity Index carried towards its deepest recession since the 70s.

The greenback was trading weaker across the board, and the EURUSD pair was advancing toward the 1.09 level again. Volatility in the FX market has dropped significantly over the previous days, and it looks like the good old days of 40 pips daily movements are back. 

Precious metals were a bit higher today, and silver rose 1%, gold was 0.5% stronger, and copper dropped 1% to trade at around 2.31 USD. 
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