Oil holds at just under $100 a barrel, though US stocks hold steady on hopes for US-Iran talks to succeed. More from Bernie Bennett. VERBATIM: Oil prices are hovering just under $100 per barrel after 21 hours of ceasefire talks failed to end the U.S.-Iran war. But U.S. stocks are nevertheless holding steady in an […]
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Oil Prices
Oil holds at just under $100 a barrel, though US stocks hold steady on hopes for US-Iran talks to succeed. More from Bernie Bennett.
VERBATIM:
Oil prices are hovering just under $100 per barrel after 21 hours of ceasefire talks failed to end the U.S.-Iran war. But U.S. stocks are nevertheless holding steady in an indication that Wall Street still sees a chance to avoid a worst-case scenario for the global economy.
The S&P 500 rose 0.5% in afternoon trading after erasing an earlier dip. The Dow Jones Industrial Average was up 32 points, or 0.1%, and the Nasdaq composite was 0.7% higher. Prices pared earlier spikes as the morning progressed.
Bernie Bennett reporting.