Wall Street slides as oil prices hit again

Wall Street slid on Tuesday on pressure from a renewed drop in oil prices, snapping a rally that had helped the market rebound from its sluggish start to 2016. Crude prices sank more than 4 percent as Saudi Oil Minister Ali Al-Naimi effectively ruled out production cuts anytime soon. Equity markets this year have been tightly linked to the daily fluctuations of battered oil prices.