KQED Nightly Business Report December 13, 2014
Friday, december 12th. Good evening, everyone. A dramatic selloff in stocks today with the dow tumbling more than 300 points. The selloff snapped a streak of 7 winning weeks in a row for the market. Well have more on that in just a moment. But we begin tonight with the price of oil, which also sells today and sell hard to a nearly sixyear low. The latest driver . The International Energy agency is now predicting that Global Oil Demand next year will grow even less than first predicted. Renewing investor worries about flowing Economic Growth around the globe. Heres how oil prices settled today....