Equities volatile on oil swings as Fed decision looms | Reuters

Equities volatile on oil swings as Fed decision looms | Reuters:

"Global equity markets swung between gains and losses on Monday, as volatile oil prices rebounded from multi-year lows while weakness in credit markets weighed on sentiment ahead of an expected U.S. interest rate hike later this week.

Brent crude LCOc1 settled down 0.03 percent at $37.92 after falling as low as $36.33 a barrel, its weakest since December 2008. A fall below $36.20 would take oil down to levels not seen since 2004. U.S. crude CLc1 settled up 1.9 percent at $36.31 after earlier falling as low as $34.53.

The early declines in energy weighed on commodity stocks in Europe, which turned negative after a positive start, while the S&P energy sector .SPNY reversed course and was up 0.8 percent after falling as much as 1.3 percent early in the session."



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