People walk along a street past a board showing currency exchange rates in Moscow, December 3, 2014. A plunge in oil below $60 and the failure of an emergency interest rate rise to stabilise Russia's rouble sent another shock through global financial markets on Tuesday, adding to a growing sense of

OPEC Secretary-General Abdullah al-Badri addresses a news conference after a meeting of OPEC oil ministers at OPEC's headquarters in Vienna November 27,   Oil producers group OPEC can ride out a slump in oil prices and keep output unchanged, its head said on Sunday, arguing market weakness did not

  Oil prices were battered Wednesday, dropping to four-year-lows after new government data revealed that U.S. stockpiles of crude oil were larger than forecast. The U.S. Energy Information Administration said that the nation's supply of crude grew by 1.4 million barrels last week. Analysts had

Low oil prices are bringing a mountain of budget troubles to Alaska's state government. What U.S. state is as hooked on oil revenues as Venezuela, Iran, or Russia? Alaska. Plunging oil prices have blown a huge hole in the budget of the oil-rich state, where in recent years taxes on oil production

An electronic information board is seen at the London Stock Exchange in the City of London October 11, 2013. World stock markets fell on Monday as slowing factory activity in China and Europe added to worries about weaker global growth and Apple shares dropped, while the yen hit a seven-year low