Oil Slides as U.S. Crude Inventories Head for Record Growth

Oil fell as U.S. crude stockpiles expanded last week, adding to the country’s biggest-ever annual growth. Inventories rose 2.63 million barrels, capping an expansion of more than 100 million barrels this year, the most in EIA data going back to 1920. A 2.5 million-barrel drop was projected in a Bloomberg survey. Supplies in Cushing, Oklahoma, the delivery point for West Texas Intermediate crude, climbed to a record. Crude output rose...

Gold Fund Sales Resume as Prices Fall for Third Straight Day

Investors resumed sales from gold-backed funds as traders increased expectations that the Federal Reserve will raise interest rates again in March. Bullion futures posted a third straight decline. Holdings in gold exchange-traded products fell 0.9 metric ton on Tuesday to erase gains made the previous day, data compiled by Bloomberg show. Assets have declined 10 times in the last 12 sessions to 1,466.3 tons, near the lowest in more...

U.S. Stocks Fell From Three-Week High, Paring S&P 500 2015 Gain

U.S. stocks fell, with the Standard & Poor’s 500 Index struggling to hold its gain for the year in 2015’s penultimate session, as energy companies followed oil lower and a slide in Apple Inc. weighed on technology shares. The S&P 500 slipped 0.7 percent to 2,063.30 at 4 p.m. in New York, after rallying 1.1 percent Tuesday to the highest since Dec. 4. A late selloff today halted at the gauge’s average price during the past 200...

U.S. Stocks Slip From Three-Week High, Paring S&P 500 2015 Gain

U.S. stocks fell, with the Standard & Poor’s 500 Index struggling to hold its gain for the year in 2015’s penultimate session, as energy shares followed oil lower and a slide in Apple Inc. weighed on technology shares. Chevron Corp. and Anadarko Petroleum Corp. sank at least 1.2 percent, amid reports showing crude stockpiles increased. Apple lost 1.1 percent after a person familiar with the matter said it paid $348 million...

Europe Stocks Decline From 3-Week High Amid Thin Trading Volume

European stocks fell on the last full trading day of the year as a slide in oil prices weighed on investor sentiment. The Stoxx Europe 600 Index lost 0.5 percent at the close of trading, after yesterday’s 1.4 percent gain. The volume of shares changing hands was 40 percent lower than the 30-day average. Markets will shut on Friday for New Year. Some including Germany, Switzerland and Italy, will also close tomorrow for New Year’s Eve,...