While you were sleeping: Stocks slide on oil

Tue, 04 Nov 2014

By Margreet Dietz Nov. 5 (BusinessDesk) - Equities fell on both sides of the Atlantic along the price of oil and a downgrade in the economic growth prospects for the euro zone. Brent dropped to the lowest level in four years, while West Texas Intermediate crude slid to the lowest level in three years, after Saudi Arabia slashed prices for exports to US customers, while lifting prices for Asia and Europe. "The Saudis have basically declared war on the US oil producers," Phil Flynn at Price Futures Group told Reuters. "I think they belie...

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