devon-energy
Raft of weak U.S. data points to sharply slower growth
January 15, 2016 by creative · Leave a Comment
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter. The growth picture was further darkened by other data on Friday showing industrial production fell in December, dragged down by cutbacks in utilities and mining output. Signs the economy …
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Raft of weak U.S. data points to sharply slower growth
devon-energy
Oil plunges below $29 on prospects of more Iranian crude, China worries
January 15, 2016 by elegant · Leave a Comment
World oil prices slumped more than 6 percent to below $29 a barrel on Friday, as a further fall in the Chinese stock market and the prospect of an imminent rise in Iran's crude exports deepened fears of a longer supply glut. The slump was not over yet, some analysts warned, as the lifting of sanctions on Iran opens the door to a wave of new oil. …
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Oil plunges below $29 on prospects of more Iranian crude, China worries