Oil Trades Near $45 as Saudi Stockpiles Climb Amid Supply Glut

Oil traded near $45 a barrel in New York as Saudi Arabia’s oil stockpiles climbed to a record, adding to signs that the global oversupply may persist. Futures were little changed in New York after declining 4.7 percent on Friday. Commercial petroleum stockpiles held by the world’s biggest crude exporter increased to 320 million barrels, the highest since at least 2002, according to data Sunday on the website of the Riyadh-based Joint...

Euro Extends Decline as ECB Officials Stress Divergence From Fed

The euro extended a drop from Friday, the biggest in three weeks, as traders anticipated European Central Bank officials will continue to flag a readiness to ease monetary policy amid the risk of slower growth and inflation. Europe’s common currency slid on Friday as Benoit Coeure, an ECB Executive Board member, emphasized that U.S. and Europe’s policy trajectories will “remain...

Asian Stocks Decline on Global Growth Concern After Fed Comments

Asian stocks declined after U.S. shares fell and Federal Reserve officials argued that an interest-rate increase is still warranted this year. Markets in Japan are closed. The MSCI Asia Pacific Excluding Japan Index lost 0.6 percent to 410.10 as of 10:01 a.m. in Sydney, before markets in China and Hong Kong opened. Australia’s S&P/ASX 200 Index fell 0.4 percent and South Korea’s Kospi index retreated 1.1 percent. New Zealand’s S&P/NZX...

U.S. Stocks Tumble as Fed Decision Spurs Global Economy Concerns

U.S. stocks tumbled, erasing the week’s gain in the Standard & Poor’s 500 Index, as the Federal Reserve’s warnings over the global economic outlook rippled across financial markets. The S&P 500 lost 1.6 percent to 1,958.13 at 4 p.m. in New York. Banks took a hit for a second day, wiping out a rally from earlier in the week, while energy shares plunged with the price of oil. The VIX, a measure of market volatility, climbed for...

U.S. Stocks Fall as Fed Decision Spurs Economy Concern

U.S. stocks slumped as investors speculated the Federal Reserve’s refusal to raise rates bespeaks larger concerns about the strength of the global economy. The Standard & Poor’s 500 Index lost 1.2 percent to 1,966.72 at 12:52 p.m. in New York. The gauge pared its gain for the week to 0.3 percent. The Dow Jones Industrial Average dropped 238.61 points, or 1.4 percent, to 16,436.13. The Dow Jones Transportation...