Tag Archives: Oil

Crude fell more than 5% on Friday and dipped below $30 a barrel amid risk aversion and concerns that Iran will add to the supply glut. West Texas Intermediate crude for February fell 5.7% to settle at $29.42 a barrel on the New York Mercantile Exchange. It earlier scored a ...

US stocks finished the day with sizable losses on Wednesday, weighed by a combination of a slump in oil prices, geopolitical tensions and fears of a Chinese economic slowdown. Meanwhile, the minutes of the latest Federal Reserve meeting showed that despite members voted unanimously to raise rates in December, it ...