1.QQQ and Nasdaq 100 Close Below 50 days for the First Time in 2017.
QQQ closes below 50day on high volume.
NDX closes below 50day
So far this year, oil has lost 20 percent in value, its weakest performance for the first six months of the year since 1997.
Compliance with an agreement by the Organization of the Petroleum Exporting Countries and other producers to cut output by 1.8 million barrels per day from January reached its highest in May since the curbs were agreed last year.
Yet global inventories of both crude and refined products remain well above their long-term averages.