Oil is falling again. In morning trade Thursday, the price of WTI crude oil was sliding again, moving back below $61 a barrel and toward the lows hit Wednesday. Near 10:00 am ET, oil was off its worst levels of the morning, but still below where it traded overnight. On Wednesday, WTI fell below $60.50, the lowest since 2009, while Brent crude oil also dipped below $65 a barrel. On Thursday morning, WTI touched $60.09. US stocks followed oil lower on Wednesday, with the Dow falling 268 points and the S&P 500 having its worst day since October, but on Thursday, US stocks were surging higher early in the day. Markets around the world, however, were more unsettled, with stocks in Greece selling off hard and stocks in Dubai crashing overnight. But oil is the story in the markets right now, and we'll keep our eye on it all day. NOW WATCH — Here's The Latest Airline With An Insanely Fancy Business Class OO.ready(function() { OO.Player.create('ooyalaplayer', 's4Ym8zcjrRdPSOHIhpQeZzVFXF4NJRk8'); });Please enable Javascript to watch this video Join the conversation about this story »
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