15-01-2016 19:38 via news.yahoo.com

Oil falls below $30, pulling world stocks down

Oil prices dove below $30 a barrel on Friday, dragging major equity indices around the world sharply lower, as fears of a global slowdown amid a crude supply glut roiled markets and unsettled investors who snapped up gold and other safe-haven assets. Major stock indices in Europe and on Wall Street tumbled more than 2 percent while crude prices slid on expectations Iran will increase oil exports once international sanctions are lifted, possibly within days. Yields on the benchmark 10-year U.S. T
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