![Watch: Crude oil price plunge](/pf/resources/images/placeholders/placeholder_l.png?d=808)
Watch: Crude oil price plunge
Another plunge in the price of crude oil sent stocks sharply lower on Wednesday, bringing the market to its lowest level in nearly two years.
Another plunge in the price of crude oil sent stocks sharply lower on Wednesday, bringing the market to its lowest level in nearly two years.
US stocks recovered much of an early plunge, but oil suffered its worst one-day drop in months.
There are two different flavors of "supply side" economics.
IMF has lowered its forecast of global economic growth over the next two years amid the deepening slowdown in emerging markets.
Inflation is at its lowest since 1999 - and that's at the heart of the biggest problem facing the economy.
Wall Street moved higher overnight as investors found value in beaten-down stocks as the latest data from China eased concerns about the world economy.
Wall Street rose, as a recovery in the price of oil offered investors confidence to pick up beaten-down stocks.
Concern about low oil prices and China's growth prospects has driven New Zealand's sharemarket lower.
The New Zealand dollar rose as oil prices gained from a 12-year low and Chinese stocks gained in afternoon trading.
World sharemarkets were down overnight as oil prices slumped to the lowest level since 2003.
United States oil futures in New York slid to the lowest in 12 years as turmoil in China's markets pushes crude closer to US$30 ($45) a barrel.
Rokkasho reprocessing complex in a northeast corner of Japan's main island of Honshu is raising speculation.
Iran will raise its oil exports by 500,000 barrels a day within a week after the removal of international sanctions.
Oil prices rose on the last day of the year but fell as much as 35 per cent for 2015 after a race to pump by Middle East crude producers.
Oil is headed for its biggest two-year loss on record as an expansion in U.S. crude stockpiles exacerbated a global glut.
For an industry that already was pushing its cost-cutting efforts to the limits, the new declines are a devastating blow.
The price of petrol is falling, aided and abetted by a regional price war, but has it declined far enough, given the slump in oil prices?
Wall Street moved lower with the price of oil amid concern about the global glut at a time of weakening worldwide economic growth.
Wall Street rose after a report showed the US economy expanded more than expected in the third quarter thanks to consumer spending, and as oil rebounded.
Maui natural gas pipeline has been sold to First State Investments.
There is no doubt New Zealand's economy needs to diversify, writes Kinley Salmon. In 2013, 44 per cent of our goods exports were animal and animal products
All eyes will be on the NZ stockmarket as it opens this morning after global equity markets fell amid slumping oil prices.