Oil At Five-Year Low; Supply Glut Seen Continuing

Investor's Business Daily - Investing RSS http://feedproxy.google.com/~r/InvestingRss/~3/XKp1gYk_MBE/122914-732440-Oil-At-Five-Year-Low-Supply-Glut-Seen-Continuing.htm Crude oil slid to a five-year low amid speculation that a global supply glut will continue, while the Standard & Poor's 500 Index extended its record high. Treasuries rose amid concern early elections in Greece risk severing the nation's bailout agreement. Oil for February delivery sank 2.1% to $53.61 a barrel in New York, the lowest settlement since May 1, 2009, and Brent crude slid 2.6% to $57.88 in London. The S&P 500 gained