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The Chronicle Telegram in Elyria, Ohio

29 Nov 2014

Page 5

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Nov 29, 2014

Page

5

S&P Slips as Crude Sinks Weighs Markets

U S stocks slide as crude prices plunge with oil majors hit hard while airlines shippers and retailers gain. S&P 500 drops 0.3 percent to 2067.56, energy sector leads losses. Dow posts a new high near 17828, Nasdaq up slightly. Oil falls to 66.15 a barrel after OPEC keeps output at 30 million bpd.

MENTIONED IN THIS ARTICLE

New York Standard & Poor JJ Kinahan TD Ameritrade Chevrons UPS FedEx Dow Jones U.S Opec Oil United Parcel Service Newfield Exploration QEP Asia China Europe France Germany Alastair McCaig New York Mercantile Exchange Dow Industrials Dow Transportation Dow Utilities NYSE S&p Wilshire Scoo Russell Stock Exchange Mitvgold Atlanticus SwitEng Petrobras Affimed SanchezEn GenElec Radiush Pennva CalifResch OasisPet CordiaRep Dirgmnbull SandRdge AK Steel Intel Invacare AmAit In AG Apple Inc Erie JetBlue Lowes Bob Evans Mvjrgold CalifResci GilSve Cedarf CritryLink Microsoft Cisco NiSource Csvinvng Nordson Darden Northropg Delta Air PNC Diebold ParkerHan DineEquity Penney DxGldBull Petrobras AG Dirgmnb ProdtGam Engyxx ExxonMb S&psooetf Facebook GenMotors Hallirtn Steris SP Engy HomeDp US OilFd Honvallint US Steel iShBrazil Vala SA Ishchinal WalMart Ishemkis Wendys Co Sweet Crude NYMX
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Oil price plunge tests economy and fuels relief across nations

A renewed drop in oil prices follows OPEC holding output at 30 million barrels daily, with global supply exceeding demand by about 700,000 barrels a day. The fall benefits oil importing regions and U.S. consumers, lowering gasoline costs, while potentially damping inflation and pressuring producers like Canada and Russia. European economies gain modest growth but face inflation and revenue declines. Asian economies see savings, yet Japan and China face deflation and growth slowdowns.

MENTIONED IN THIS ARTICLE

OPEC U.S Citibank Brent Tom Kloza Oil Price Information Service Asia Europe North America Eurozone Germany Adac Motoring Association Greece European Central Bank Britain Norway North Sea Russia Moscow Japan Esso Shimbashi Ginza Tokyo AmBalA_m Capiicbua m Cpwidgrla EurPacGrAm FninvAm GrthAmAm IncAmetAm InvCoAmAm Newperspa m Wamutinvaim Dodge & Cox Income Dodge & Cox IntiStk Dodge & Cox Stack Fidelity Fidelity LowPriStk Fidelity Spartan FrankTemp-Franklin FrankTemp-Templeton GitBondAdv Harbor Intrinstl Oakmark PIMCO Vanguard Sooadm Vanguard HitCrAdml Vanguard Instidx Vanguard Vanguard IntiStkldx Pls Vanguard MulntAdml Vanguard PrmepAdml Vanguard Stgradeact Vanguard WellinAdm Vanguard Whels lAdm Ind The Associated Press
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Also Mentioned on This Page

CNOOC Royal Dutch Shell Total South Carolina Missouri Oklahoma Texas Kloza Ontario Canada Gulf of Mexico Western Venezuela Emerging Beijing Shell the Market IN Review Utual
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