Oil falls to session lows on the day, WTI down by 1.2%

Oil slips as the dollar recovery is hurts commodities, S&P 500 futures also down

WTI is down to session lows of $61.05 per barrel, as a combination of dollar strength and a spillover from US equity futures is dampening oil prices.

WTI is now 1.2% lower on the day, and Brent is also down to $64.60 - 1.0% lower so far.

S&P 500 futures are taking a tumble as well in trading currently, and that's hurting risk assets in the meantime too:

Oil is lower, and the Nikkei is now negative on the day - down by 0.16%. There's not much else going on right now but the FX market is largely unaffected so far. The yen is off lows for the day, but we're not seeing much of a major shift in sentiment yet so far in the currency space.