NEW YORK A brutal new year selloff in oil markets quickened on Monday, with prices plunging 6 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude as low as $20 a barrel.
Amid an accelerating tailspin that shows no sign of slowing, Monday's dive - the biggest one-day loss since September - triggered a rash of panicky trading across the market.
17:21 Stocks mixed after Treasury Secretary points to significant tax reform; industrials lag23
18:41 U.S. home sales hit 10-year high, prices soar16
15:45 Warren Buffett rails against fee-hungry Wall Street managers14
13:09 JCPenney shuttering up to 140 stores as sales weaken, more sluggish growth seen ahead15