Oil Falls Below $28 A Barrel, Markets Slide

Published January 20, 2016 at 1:33 PM EST

The New York Stock Exchange (NYSE) stands in lower Manhattan at the end of the day on January 15, 2016 in New York City. Stocks have fallen significantly in throughout the day with the Dow Jones industrial average down over 400 points as concerns about oil prices and the Chinese economy persist. (Spencer Platt/Getty Images)

U.S. crude oil fell below $28 dollars a barrel today. Oil prices have dropped more than 20 percent this year, and it’s only January.

Stocks around the world also fell. The Dow and Nasdaq both dropped more than 2 percent in the morning, and the Stoxx Europe also fell around 2 percent.

Here & Now‘s Robin Young looks at what’s happening with CNN’s Maggie Lake.

Guest

Maggie Lake, business anchor and correspondent for CNN International. She tweets @maggielake.

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