Global Growth: The strength of the global economy once again came into question Friday after Chinese data showed a slowdown in industrial production in November. Meanwhile, growth in retail sales fell to its lowest level in more than 15 years. The Dow Jones Industrial Average declined 490 points, down 2% Friday. The S&P 500 fell 1.9%, and the Nasdaq Composite dropped 2.1%. Dollar Pressure: A stronger U.S. dollar, combined with volatile equity markets, have weighed down crude, said Giovanni Staunovo, commodities analyst at UBS Wealth Management. Dollar-denominated commodities like oil tend to have an inverse relationship with the greenback, which was up 0.3% Friday, according to the WSJ Dollar Index. But Mr. Staunovo said that overall “I would think oil prices are in a position of stabilizing around this level,” aided by planned production curbs from the Organization of the Petroleum Exporting Countries and its allies outside the cartel, […]