Falling oil prices in 2008 led to a stock market meltdown. It’s 2014, and oil prices are crashing again. Will stocks follow the 2008 script? We live in a complex world, and there are a number of correlations that may cause a surprise outcome. 620 more words
Tags » Energy Stocks
(16 Dec 2014, AFR, p13, Angela Macdonald-Smith )
By JOSIE COX WSJ
Updated Dec. 12, 2014 5:46 a.m.
Oil’s persistent slide continued to drive global financial markets Friday, sending currencies in Russia and Norway to fresh multiyear lows, and stocks in energy companies tumbling. 755 more words
US stock indexes closed in the red yesterday, due to the crude oil sell-off and energy stocks with it and also renewed fears about Europe, with Greece’s upcoming election next week, and China’s economy slowdown. 161 more words
It feels like one step forward, two steps back for our market with the energy sector getting a walloping again today with the oil price crashing to fresh post-GFC lows. 624 more words