Low Oil Prices Cost Exporters More Than Aid Importers, IMF Says

Tumbling crude prices will cost oil producing countries fiscal losses worth about 4 percent of their economies this year, the International Monetary Fund said, listing Venezuela and Iraq among those most severely hit.

Oil down near $86 after Europe, China rate cuts

SINGAPORE (AP) — Oil fell to near $86 a barrel Friday in Asia amid doubts that Europe and China's interest rate cuts will be enough to halt an economic slowdown.

Oil near $100 still a threat to global economy: IEA

KUALA LUMPUR: Oil prices near $100 a barrel are still a threat to a slowing global economy that is likely to consume less fuel than the International Energy Agency (IEA) had forecast, the IEA's executive director said on Tuesday.