Electrolux News

Wall St Drops with Oil near 7-year Low; Europe Stocks Up

Oil prices skidded to their lowest level in nearly seven years on Monday, hurting the shares of major oil companies on Wall Street as a global glut showed no signs of abating, while European stocks benefited from a weaker euro. Brent crude prices fell to $41.20, their lowest since February 2009, after a meeting of members of the Organization of the Petroleum Exporting Countries…