Oil slumps over 3%, hits May lows as losses extend to a sixth day
August 19, 2021
Reuters Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary stimulus, while commodity-linked stocks sank as oil and metal prices tumbled to multi-month lows. The S&P energy sector was the worst performer among its peers with a drop of 2.2%, while Freeport-Mcmoran Inc slipped 4.5% and led copper miners lower
