From an article by Alan Soughley published by BloombergBusinessweek 13 Jan 2015 under the headline:
“European Stocks Decline; Shell, Total Lead Energy Shares Lower”
Extracts
Royal Dutch Shell Plc and Total SA led energy-related companies lower…
A gauge of energy stocks slid 1 percent today, for the worst performance of the 19 industry groups on the Stoxx 600. Oil extended losses to trade below $45 a barrel amid speculation that U.S. crude stockpiles will increase, exacerbating a global supply glut that’s driven prices to the lowest in more than 5 1/2 years.
From an article by Clifford Krauss published by The New York Times (NY edition) 13 Jan 2015 under the headline:
“Oil Prices Fall to Lowest Since 2009”
Extracts
HOUSTON — Oil prices took another sharp turn downward on Monday to levels not seen since the depths of the 2009 recession. Several international banks predicted even lower prices later this year because of an oversupplied global crude market.