U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $41.93 a barrel at 0246 GMT, while Brent crude fell 6 cents, or 0.1%, to $45.03, after both contracts had earlier traded higher.
"Because of the shock of this... will consumer behavior just be more cautious?" Dallas Federal Reserve Bank President Robert Kaplan asked in a phone interview with Reuters on Wednesday.
Fed Chairman Ben Bernanke, who hands the Fed's reins to Vice Chair Janet Yellen on Friday, managed to adjourn his last policy-setting meeting without any dissents from his colleagues. It was the first meeting without a dissent since June 2011 - a sign of how tumultuous Bernanke's tenure has been.
IMF Managing Director Christine Lagarde expressed concern about price growth remaining below the target of many central banks, which could hurt the nascent recovery.
Brent oil slips on mix cues of recovery in US and doubts over Chinese economy, trading in tight range above USD 104 a barrel.
Nobel Prize-winning economist Joseph Stiglitz explains on CNBC-TV18 that issuing bank licences to NBFCs is risky and suggests maintaning the focus on boosting growth
Rupee seen rising in early trade on Monday continuing its rise in the previous session after China's latest growth data allayed fears of a steeper economic slowdown in the world's largest consumer of raw materials. Pair last closed at 55.14-55.15.
Three top Federal Reserve policymakers on Monday laid the groundwork for a third round of bond purchases, saying the US recovery was weak and unemployment far too high.
Rising concern about global growth triggered falls in shares and commodities on Thursday after data showed Chinese and European factory activity slowing and the Federal Reserve extended its stimulus policy due to a weakening US recovery.
Adrian Foster, Rabobank, Financial Head Research, says that that there was some activity in the first quarter which made the first quarter look stronger than it was in the US. The effect is now wearing off and the real data indicating a more downbeat picture have begun to emerge.
German government bond yields hit their lowest level since September on Tuesday and European shares fell sharply as investors returning from a long weekend switched from riskier to safer assets after surprisingly weak US jobs data.
Most than a quarter of Americans expect to spend less during the holidays this year, a survey showed on Monday in an early sign that retailers will have to try harder to win shoppers in the biggest selling season of the year.
The Group of 20 leading and emerging nations has not done enough to correct global imbalances and this could provoke more financial instability, a top Bank of Canada official said on Wednesday.
Finance Minister Pranab Mukherjee today said the plunge in the stock markets is purely due to external factors, like concerns over the US recovery and Euro Zone debt crisis, and hoped the volatility is temporary and it would recover soon.
US jobs data on Friday could prove a make-or-break moment for global financial markets increasingly alarmed that the world's largest economy could skid into a fresh recession.
In an interview with CNBC-TV18, Richard Ross, Global Technical Analyst at Auerbach Grayson said that the Fed's announcement saw very little reaction. He also feels that the US markets are digesting the negative news from the places around the world.
Not everyone is lamenting a weak US recovery that again looks to be running out of steam.
Not everyone is lamenting a weak US recovery that again looks to be running out of steam.
Arjuna Mahendran, Investment Head- Asia at HSBC Bank weighs in on what all the newsflow from across the globe means for financial markets, including India.
The US recovery is gaining traction, two top Federal Reserve officials said on Tuesday, though they differed on the risks of inflation in the US economy.
US Treasury Secretary Timothy Geithner said the United States' focus on Japan is to help it limit the human costs of last week's earthquake and tsunami.
The Federal Reserve will continue to focus on low underlying inflation in pushing aggressive measures to support the US recovery, even as European authorities fret about rising energy and food prices.
Hedge funds ended the year with double-digit gains but lagged behind the average stock market indexes and fell short of the average stock mutual fund's returns as well as their own more powerful rise in 2009.
The Dow and S&P 500 slipped on Thursday on disappointing December sales from some top retailers, and investors braced for Friday's employment report, a key gauge of the economy.
In an interview to CNBC-TV18, Jim Walker, MD of Asianomics said that Europe is a bigger problem than China and US. “Europe is going to see political turmoil,” he explained.