While you were sleeping: Stocks, oil drop

Tue, 12 Aug 2014

By Margreet Dietz Aug. 13 (BusinessDesk) - Equities on both sides of the Atlantic slid as investors eyed developments in Ukraine and Iraq and their impact on the global economy. The price of oil dropped after the International Energy Agency cut its 2014 global oil demand growth forecast to 1.0 million barrels per day on lowerthanexpected deliveries in the second quarter and the International Monetary Fund's weaker outlook for economic growth. “Despite armed conflict in Libya, Iraq and Ukraine, the oil market today looks better supplied...

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