Volatility Reigns As Markets Seesaw

Crude oil continued its slide overnight  and a surprise interest rate hike by Russia in an effort to stabilize the falling Rouble which has been hard pressed in the wake of oil’s recent losses, had the U.S. markets poised for another down day.  Oil reversed course in the late morning bouncing the equity markets off their lows and even into positive territory before sentiment turned negative again driving the markets to a lower close.