Monday's News Links

[Reuters] Oil prices hit lowest since 2004 as supply balloons

[Bloomberg] Spanish Yield Rises to 5-Week High on Instability After Election

[Bloomberg] Brazil Real Volatility Increases as Political Turmoil Worsens

[Bloomberg] Spain's Socialists Will Block Rajoy's First Bid for New Term

[FT] Spain heads for turmoil after poll yields fragmented parliament

[Bloomberg] Azerbaijan Caps Year of Devaluations Evoking Memories of 1997

[WSJ] Year in Review: Mergers Set a Record as Firms Bulk Up

[AP] The Latest: Greek PM says austerity defeated in Spain

[Bloomberg] China Tells U.S. to Stop Flexing Military Muscle in Asia

[Reuters] Philippines vows stronger military to back South China Sea claim