Oil Price: Year and Wall Street

oil price: The oil price had also plummeted, reaching a 10-year low of 25, according to Deutsche Welle. That was the worst start to a new year in three decades, Valdes said. While stock-trading boards show prices in the green behind him, he recalls many a day in 2016 when shares were in negative territory. 2016 was a historic year for Wall Street, he told DW. On the first two trading days in the year, the S&P 500 index had tanked by 6 percent, continuing its downward slide until February 11. Like many of his colleagues, he had feared that the rest of the year would follow the same pattern that was prevalent in the first two months. But how exactly did this turnaround come about, despite various terror attacks, the UK's pro-Brexit vote, and the unexpected outcome of the US presidential election All these shocks have had something in common - initial panic was followed by market euphoria. There can be no more talk of any losses now. (news.financializer.com). As reported in the news.