Wall Street starts day lower amid falling crude oil prices

After reaching record highs in the previous session, major equity indexes in the U.S. started the day lower on Tuesday as the falling crude oil prices weighed on the energy stocks. 

After Libya, which is not subject to OPEC quotas,  announced that the crude oil production reached its highest level of the year as two more refineries have been activated, another crude oil selling wave hit the markets. The barrel of West Texas Intermediate fell to its lowest level since November. As of writing, the barrel of WTI is trading at $43.10, down nearly 3% on the day.

• Libya oil output hits 885,000 Bpd

At the moment, the Dow Jones Industrial Average is losing 20.59 points, or 0.1%, at 21,508.4. The S&P 500 is down 4.5 points, or 0.2%, at 2,442.50. while the Nasdaq Composite is losing 10.89 points, or 0.17%, at 6,228.12.

Headlines from the U.S. session:

• US Dollar: upside struggles near 97.40
• Philly Fed: Nonmanufactuing business activity continued to expand in June
• US: Current-account deficit increased to $116.8 bln in Q1 2017
• Fed's Rosengren: Low Rates Make Fighting Future Recessions Tougher