Oil prices plunge, stock futures down

A price war for oil and economic fallout from the coronavirus sent stock futures down Monday.

U.S. West Texas Intermediate crude is on track for its worst day since January 1991, down 22%, or $9.15, to trade at $32.13 per barrel, CNBC reports.

Meanwhile, the Wall Street Journal reported that futures tied to the Dow Jones Industrial Average index retreated 4.9%, pointing to a decline of over 1,200 points.

Saudi Arabia over the weekend chose to instigate a price war as it cut prices in the face…

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