Dow futures dropped around 1,000 points on Sunday as a decision by Saudi oil executives to cut prices looked ready to ignite a global price war on crude oil [in what was reportedly the sharpest decline of that resource since 1991].
CNBC reported Sunday evening that futures on the Dow Jones Industrial Average had dropped nearly 1,100 points, while the Nasdaq and S&P 500 also reportedly looked ready to open with losses on Monday.
[...]
Saudi Arabia's price cut looked to be aimed at retaliating at Russian officials, who on Friday declined to join the Organization of the Petroleum Exporting Countries in agreeing to a worldwide reduction in oil production in response to the coronavirus outbreak, which has slowed the global demand for oil.
The Hill
...but hey, do what you want...you will anyway.
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