Oil records longest weekly losses since 1986

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Source: Bloomberg
Oil is poised for the longest weekly decline from March 1986, as OPEC estimates that the crude oil demand might subside, adding to an oversupply that spurred a collapse of oil prices last year. WTI crude for February settlement was at $46.77 a barrel and the contract fell $2.23 to $46.25 yesterday.
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Fri, 16 Jan 2015 12:01:16 GMT

European stocks fall from weekly advance on Swiss stocks outlook

European stocks dropped from the strongest level in a month, trimming a weekly advance, as Swiss stocks contributed to losses. The Stoxx Europe 600 Index fell 0.3% to 347.27 and the Swiss Market Index slid 3.1%, while Swatch Group declined more than 4%, stretching yesterday's losses.

Fri, 16 Jan 2015 13:12:04 GMT

European car sales increase for the first time in seven years

European car sales increased for the first in seven years amid demand for low-cost autos from Renault SA and Volkswagen AG. Registrations added 5.4% to 13 million cars, the ACEA reported today. December sales climbed 4.9% to 997,238 in comparison with the previous year. BMV AG, Automobiles NV, Fiat Chrysler, Nissan Motor Co. and Daimler AG were among the companies

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