WTI futures for May delivery fell 6.6 percent to $19.92 a barrel.
U.S. equity futures traded limit down Sunday evening as Congress continues to grapple over the details of a third COVID-19 stimulus package.
Coronavirus fears sent the Dow into a nosedive to the tune of about 3,000 points.
U.S. equity futures plunged after the Federal Reserve cut rates to near zero and announced a $700 billion asset-purchase program,
The trading floors will temporarily close at the end of business on Friday.
Middle Eastern stocks plunged on Sunday, with Kuwait falling the most, as the spread of coronavirus stoked fears that outbreak could hurt the global economy and oil prices.
The coronavirus is wreaking havoc on U.S. financial markets.
Oil declined for a third session, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses.
U.S. equity futures are pointing to a large decline in stocks on Monday morning on concerns about the spread of coronavirus outside China, with Italy, South Korea and Iran seeing a big jump in infections.
Critics charge that the gains being made by energy companies come at the expense of the environment.
A hat trick for US stocks as Dow joins S&P, Nasdaq hitting record levels.
World health officials have expressed "great concern" that the disease is spreading between people outside of China.
All three of the major averages tumbled on virus woes.
Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China's coronavirus rose and more businesses were forced to shut down, stoking expectations of slowing oil demand.
Apple Inc is trying to change the way electronics are recycled with a robot that disassembles its iPhone so that minerals can be recovered and reused.
Investors moved past the recent escalation of tensions in the Middle East.
All three of the major averages finished in record territory.
Oil traders run the risk of getting a shock in 2020.
Israel vows the project will wean it off coal and revolutionize the economy by turning the country from an energy importer to an unlikely exporter.
U.S. stock markets closed at 1 p.m. ET on Tuesday.