While you were sleeping: Oil weighs on equities, again

Mon, 25 Jan 2016

By Margreet Dietz Jan. 26 (BusinessDesk) - Equities on both side of the Atlantic moved lower with the price of oil as Iraq added to the global supply glut, bolstering the appeal of safe-haven investments such as US Treasuries and gold. Oil dropped as Iraq's oil ministry told Reuters the country had record output in December, with its fields in the central and southern regions producing as much as 4.13 million barrels a day, while a senior Iraqi oil official said separately the country may lift output this year. Also, Saudi Aramco, the...

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