World stocks run out of fiscal-cliff joy

Asian stocks

Markets in Japan and mainland China were closed for extended holidays until Friday.

Benchmark oil for February delivery fell 35 cents to $92.77 in electronic trading on the New York Mercantile Exchange. The contract rose $1.30 to finish at $93.12 per barrel on the Nymex on Wednesday.

In currencies, the euro fell to $1.3161 from $1.3178 in late trading Wednesday in New York. The dollar slipped marginally to 87.13 yen from 87.14 yen.

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