Average nationwide gasoline prices tumbled to $2.32 Friday, their lowest point in more than five years, according to AAA. The drop marks a dramatic turnaround from this time last year, when fuel cost nearly 50 cents more per gallon.
Credit Suisse Group AG was ordered to face a lawsuit by New York's attorney general accusing the bank of fraud in sales of mortgage-backed securities before the recession.
Russian President Vladimir Putin on Friday signed into law a new defense doctrine that identifies NATO as the chief threat to Russian security and claims the right to use nuclear weapons to counter any aggression that "threatens the very existence" of Russia.
Amazon says more than 10 million people tried the online retailing giant's Prime subscription service for the first time this holiday.
... * Libyan output just 352,000 bpd, storage tank fire spreads. * Building U.S. supply glut moderates gains. * Japanese November crude imports down 17.3 percent (Updates with settlement).