COM - Brent U.S. crude both slump below $100/bbl on recession fears

• Crude oil futures extended their losses on Wednesday following yesterday's brutal selloff, with Brent futures now joining WTI in dipping below $100/bbl amid ongoing worries about a recession that would hurt energy demand.
• August WTI crude ( CL1:COM ) -3.2% at $96.27/bbl, and September Brent crude ( CO1:COM ) -2.9% at $99.79/bbl, Brent's first time below $100 since April 25.
• Energy ( NYSEARCA: XLE ) lags the other S&P sectors for a second straight day, and is on pace for an 8% drop over the last two sessions.
• Eleven of the day's 15 worst performers on the S&P 500 are in the energy group: ( FANG ) -5.9% , ( EOG ) -5.6% , ( MRO ) -5.3% , ( DVN ) -5.1% , ( HES ) -5.1% , ( APA ) -4.9% , ( PXD ) -4.4% , ( HAL ) -4.1% , ( SLB ) -4.1% , ( VLO ) -4.1% , ( MPC ) -4.1% .
• Other relevant ETFs include ( NYSEARCA: USO ), ( NYSEARCA: XOP ), ( VDE ), ( OIH ), ( IEO ), ( CRAK )

For further details see: