Oil drops below $85 as stocks slump, dollar gains

Oil prices fell below $85 a barrel Friday as crude traders eyed a sharp drop in Penny Stocks and U.S. employment data again cast doubts on the strength of the economic recovery in the world's largest oil consumer.,April 16 (Bloomberg) - ,what is U.K. Penny Stocks extended losses after the Securities and Exchange Commission charged Goldman Sachs Group Inc. with fraud. The FTSE 100 Index dropped 1.1 percent to 5762.83 at 3:56 p.m. in London. The FTSE 350 Banks Index fell 1.2 percent.,April 16 (Bloomberg) - ,what is European Penny Stocks extended their decline as the U.S. Securities and Exchange Commission sued Goldman Sachs Group Inc.,April 16 (Bloomberg) - ,what is Asian Penny Stocks fell, dragging the MSCI Asia Pacific Index from a 20-month high, after China announced measures to cool its property market, U.S. jobless claims unexpectedly rose and commodity prices dropped.,April 16 (Bloomberg) - ,what is The yen and dollar advanced against most of their major counterparts as Penny Stocks plunged after the Securities and Exchange Commission accused Goldman Sachs Group Inc. of fraud.,NEW YORK, April 16 (Reuters) ,what is Financial Penny Stocks plunged on Friday, ending Wall Street's six-day winning streak as fraud charges against Goldman Sachs and some disappointing earnings sent investors running for cover.,Asian markets fall Friday, with the Japanese yens strength against major currencies weighing down shares of its exporters and as Chinese Penny Stocks are hurt by Beijings move to curb property speculation.,Retail Penny Stocks, after six straight sessions of gains, fell on Friday with the broader markets even as the Commerce Department reported better-than-expected housing starts in March.,April 16 (Bloomberg) - ,what is Treasuries rose, headed for a second week of gains, as Penny Stocks fell after China moved to cool its property market and traders raised bets the Federal Reserve will keep interest rates at a record low through year-end.,NEW YORK: US Penny Stocks plunged into the red Friday after blue-ribbon investment bank Goldman Sachs was charged with misleading investors.Penny stocks 2010