The price recovered to close at $419.40, down from $426.50 on Friday.

Third, that the price of oil and agricultural products will recover.

"I don't see how the price of oil will recover," he said.

But the price has since recovered, trading at its 52-week high of $33.375 on Thursday.

Although the price has recovered a bit - it's now up to $59 - it is still off the peak.

Since then, the price has recovered a little and was at $52.88 a barrel on Wednesday.

Prices did slide briefly early in the day, but recovered later on.

Prices then more than recovered their loss but fell again, ending the day with a drop of 44.15 points at 2,101.52.

But even though prices have since recovered much of the ground lost in the crash, few expect a repeat.

Prices of bonds and notes declined on the report but then recovered.