Morning Call For January 20, 2016

March E-mini S&Ps (ESH16 -1.82%) are down -1.84% at a 4-3/4 month low and European stocks are down -3.20% at a 15-month low as a -3.06% plunge in crude oil (CLG16 -3.72%) to a fresh 12-year low drags down energy producers.