U.S. Oil Prices Drop Below $99.50 After Sharp 10-Hour Decline
Oil loses $20 per barrel in rapid selloff, cutting daily gains from 30% to 8% as S&P 500 futures rebound 100 points from earlier lows.
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Terms & Concepts
S&P 500 futures: Derivative contracts representing the expected future value of the S&P 500 index, often used to gauge market sentiment ahead of trading sessions.