Stocks drop on fiscal mess, oil up on Mideast woe

NEW YORK, Nov 14 (Reuters) – World stocks fell on Wednesday, with U.S. stocks closing at their lowest levels since the summer as investors focused on the coming battle over the U.S. “fiscal cliff,” while oil prices gained on an escalation of violence in the Middle East. The Dow industrials and th…

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Stocks drop on fiscal mess, oil up on Mideast woe