Stock Market Today: Oil Cools Off, But Stocks Remain Stymied
Recently red-hot energy prices were hosed down on Monday, but that gave only limited relief to equities, and only in a few select quarters.
U.S. crude oil futures plunged 5.8% to $103.01 per barrel, heading lower early in the day as Ukraine and Russia conducted fresh peace talks. Further downward pressure came from COVID-related lockdowns in China's Shenzhen and Jilin provinces, as well as reports indicating that the U.S. might ease sanctions on Venezuela to get more oil on the market.
The drawdown in crude prices, which helped to soothe mounting inflation
