Oil Is Getting Clubbed

Just a quick heads up that in addition to equity markets today, oil is getting clubbed.

From FinViz:

This speaks to the growing meme that “default” aside, the nearly week-old ructions happening in Washington DC are taking a toll on the US economy, and therefore the global economy as well.

And oil (and also copper today) are reflecting that.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.