Tue Feb 2, 2016/Reuters By Caroline Valetkevitch U.S. stocks dropped more than 2 percent in late Tuesday trading after a disappointing forecast from Exxon Mobil (XOM.N) and another steep drop in oil prices. Shares of Exxon (XOM.N) fell 2.3 percent to $74.54 after the oil major reported its smallest quarterly […]
Tag: Oil
Stocks, commodity currencies slide as oil falls back below $30
Fri Jan 15, 2016/Reuters By Dhara Ranasinghe World stocks were set for a third straight week of losses on Friday and commodity currencies took another drubbing as oil prices fell back below $30, keeping alive concerns about global growth. European stocks fell more than 1 percent, heading back toward Thursday’s […]
Asia shares hit 3-1/2-year lows as oil resumes fall
Thu Jan 14, 2016/Reuters Asian stocks surrendered earlier gains to hit 3-1/2-year lows on Friday as renewed pressure on oil prices and disappointing Chinese data kept investors on edge. MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.3 percent to the lowest level since June 2012, and was on […]
