oil price

Kuwait increases petrol prices as low oil prices bite

Kuwait started enforcing increases in domestic petrol prices on Thursday as low oil prices have put pressure on the crude-producing Gulf country's budget.

Russia's rouble plumbs new record low against dollar as oil tumbles

Russia's rouble currency on Thursday plummeted past a record low it set the previous day against the US dollar as prices for Russia's main export, oil, continue to tumble.

ECB rates on hold, but fresh monetary action could be in the pipeline

The European Central Bank is expected to leave interest rates on hold Thursday, but could signal plans for further monetary action in the coming months amid a sharp fall in oil prices and worries...

European shares fall sharply on oil price worries, China

European and US shares fell sharply Wednesday amid a global market sell-off triggered by investor worries about the slide in oil prices and China's economic outlook.

ECB could signal new action amid falling oil prices, tepid inflation

Falling oil prices and weak inflation have raised doubts about the European Central Bank's plans for firing up inflation and economic growth. But is the bank ready to act again?

Drop in oil price is chief culprit in decline of world stock markets

The continued decline in the price of crude oil and concern that global growth is faltering contributed Friday to a dramatic decline in stock markets around the world.