{"id":2107,"date":"2014-11-27T06:30:22","date_gmt":"2014-11-27T11:30:22","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2107"},"modified":"2014-11-27T06:30:22","modified_gmt":"2014-11-27T11:30:22","slug":"oil-tumbles-to-4-year-low-before-opec-pulling-down-krone-bloomberg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2107","title":{"rendered":"Oil Tumbles to 4-Year Low Before OPEC, Pulling Down Krone &#8211; Bloomberg"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-11-26\/dollar-holds-losses-after-crude-extends-slump-before-opec.html\">Oil Tumbles to 4-Year Low Before OPEC, Pulling Down Krone &#8211; Bloomberg<\/a>.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">Oil slid to a four-year low amid speculation OPEC will refrain from cutting output at today\u2019s meeting, dragging down shares of energy companies, Gulf-region stocks, and the Norwegian krone.\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/government-bonds\/\">Government bonds<\/a>\u00a0rose, with yields in\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/europe\/\">Europe<\/a>\u00a0falling to record lows.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">West Texas Intermediate crude tumbled 2.1 percent to $72.15 a barrel at 11:07 a.m. London time, a fourth-straight decline. While the Stoxx Europe 600 Index gained 0.2 percent after data showed record-low German unemployment, a\u00a0<a class=\"web_ticker\" style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" title=\"Get Quote\" href=\"http:\/\/www.bloomberg.com\/quote\/SXXP:IND\">gauge<\/a>\u00a0of energy producers slid 1.3 percent. Qatar and Oman led stocks lower in the Gulf region, and\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/norway\/\">Norway<\/a>\u2019s krone weakened against all its 16 major counterparts. France\u2019s 10-year yield fell to an all-time low of 1.006 percent.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">Representatives from the 12-member Organization of Petroleum Exporting Countries are meeting in Vienna, with\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/oil-prices\/\">oil prices<\/a>\u00a0mired in a<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/bear-market\/\">bear market<\/a>. The 27 percent drop this year has pulled the Stoxx 600 Oil &amp; Gas Index down 6.5 percent, weakened currencies of commodity-producing nations and damped inflation, helping fuel a rally in fixed-income assets.\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/germany\/\">Germany<\/a>\u00a0will release consumer-price data today as investors weigh whether the\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/european-central-bank\/\">European Central Bank<\/a>\u00a0will step up stimulus. Most U.S. markets are closed for Thanksgiving.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil Tumbles to 4-Year Low Before OPEC, Pulling Down Krone &#8211; Bloomberg. Oil slid to a four-year low amid speculation OPEC will refrain from cutting output at today\u2019s meeting, dragging down shares of energy companies, Gulf-region stocks, and the Norwegian krone.\u00a0Government bonds\u00a0rose, with yields in\u00a0Europe\u00a0falling to record lows. West Texas Intermediate crude tumbled 2.1 percent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[91,588,592,600,1451],"class_list":["post-2107","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-brent-crude","tag-oil","tag-oil-price","tag-opec","tag-west-texas-intermediate"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2107"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2107\/revisions"}],"predecessor-version":[{"id":2108,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2107\/revisions\/2108"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}