Many are forecasting higher oil prices next year, due to increased global consumption and decreased output from Libya and other oil-producing nations. That could threaten global economic recovery.
Oil futures briefly drop on news that China is raising interest rates to rein in consumer inflation, which could cause a drop in demand for oil.
Bond funds' outflows have reached their highest levels since October 2008.
New home sales will remain a drag on the economy and shows no signs of recovery.