Oil falls below $45 amid speculation on stockpiles

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Source: Bloomberg
Oil continued to fall, breaching the $45 per barrel level, due to speculation that US stockpiles will rise, aggravating global supply glut, which drove prices to the lowest point in more than five and a half years. Oil futures declined 4%, declining for three consecutive days, as OPEC continues to expand output. During 2014 oil slid approximately 50%, the highest slump since the global financial crisis in 2008, whereas it was stated that oil prices need to decline to $40 in order to rebalance the market. 
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Tue, 13 Jan 2015 14:43:05 GMT

Euro touches 9-year low amid stimulus outlook

The Euro approached toward the lowest level in nine years against the Dollar amid speculations ECB will start government-bond purchase program. The Euro fell 0.3% to $1.1799 as of 10:25 a.m. London time after touching $1.1754 on January 8, the lowest since 2005. However, the shared currency almost unchanged at 139.89 versus the Yen.

Tue, 13 Jan 2015 14:16:05 GMT

Italy output climbs more than expected stimulating recovery optimism

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