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Oil Prices Fall Again As US Rig Count Rises

New York, Dec 18, 2015 (AFP) – Oil prices fell for the third straight session Friday as a higher US drilling rig count added to gloom over a market glutted with petroleum.

US benchmark West Texas Intermediate for January delivery dropped 22 cents to $34.73 a barrel on the New York Mercantile Exchange, a fresh low since February 2009.

In London, Brent North Sea crude for delivery in February fell 18 cents to $36.88 a barrel. Read more

Stocks No Comments

US Stocks End Volatile Week Sharply Lower; Dow -2.1%

New York, Dec 18, 2015 (AFP) – The Dow dropped more than two percent Friday as US stocks finished a volatile week sharply lower due in part to worries about falling oil prices.

Shortly after the closing bell, the Dow Jones Industrial Average was at 17.126.92, down 368.92 points (2.11 percent).

The broad-based S&P 500 fell 36.46 (1.79 percent) to 2,005.43, while the tech-rich Nasdaq Composite Index lost 79.47 (1.59 percent) at 5,923.08. Read more