Rout in Oil Spurs Energy Stock Selloff While Dollar Strengthens

  • Crude slides beyond $38 a barrel as OPEC abandons output limit
  • Gold retreats as investors mull U.S. interest rate outlook

Deep Dive: Oil at Lowest Level Since 2009

Oil’s tumble to a six-year low ignited a rout in equity markets, as energy-related shares slid with currencies of commodity-producing nations. The dollar strengthened, while gold fell on rising prospects U.S. interest rates will be increased this month.

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