Hows that energy sector shining now????? Oil crashes 8 percent as Greek vote, Iran talks set off exodus
U.S. crude settled at $52.53 a barrel, down $4.40 or 7.7 percent, from its settlement on Thursday and below the 100-day moving average. It was the biggest percentage drop in a day for U.S. crude since early February, and more downside momentum could push it to test the six-year low of $42.03 set in mid-March, technical analysts said.