The ASX200 is down 0.75% to 7930 points. All sectors are down with Materials performing the worst down around 2% as miners were sold off by investors during morning trade. Information Technology is down around 1.5% and Energy around 1.3%. The Oil price continues to drift lower and has dropped below US$80 per barrel for brent crude, as the US government purchased 4.6 million barrels for the country’s emergency supplies. Company NewsFortescue (ASX:FMG) is down 9% after it was revealed last night JP Morgan was selling $1.9 billion worth of shares, at a discount of up to 9%, on behalf of an instit…