While you were sleeping: Stocks, oil down slippery slope

Mon, 05 Jan 2015

By Margreet Dietz Jan. 6 (BusinessDesk) - Stocks slid in both Europe and on Wall Street with oil prices tumbling amid concern the slump in energy could crimp global economic growth. US crude futures dropped below US$50, touching US$49.95, before recovering to US$50.23 in early afternoon trade in New York. The release of weekly oil inventory numbers for the United States on Wednesday might spell more trouble. "We're headed for a four-handle," Tariq Zahir, managing member at Tyche Capital Advisors in Laurel Hollow in New York, told Reut...

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