The Standard & Poor's 500 index lost 24.15, or 1.7 percent, to 1,433.19. The Nasdaq composite index lost 67.24 points to 3,005.62, a 2.2 percent decline.
Benchmark oil fell $2.05 to finish at $90.05 per barrel in New York. Brent crude, which is used to price international varieties of oil, dropped $2.28, or 2 percent, to end at $110.14 per barrel in London.
Heating oil fell 5 cents to finish at $3.13 per gallon. Wholesale gasoline fell 5 cents to finish at $2.70 per gallon. Natural gas rose 3 cents to finish at $3.62 per 1,000 cubic feet.