Oil prices were starting to rollover on concerns of demand slowdown before these central bank moves added downside pressure. WTI crude oil futures settled down 2.7% to $88.49/bbl. Natural gas futures settled down 2.1% to $8.13/mmbtu. Unleaded gasoline futures settled down 4.8% to $2.79/gal.
This resulted in the S&P 500 energy sector (-3.6%) lagging by a wide margin.