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Tag Archives: Oil

Oil ends the week below $30.00 a barrel


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 ...

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US stocks fall sharply weighed by oil, China


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 ...

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