• Oil prices declined Friday after nine straight days of increases as a retreat in U.S. stock markets reduced risk appetite and spurred profit-taking. But oil remains on track for an 8% weekly gain as production cuts by major producers, a weaker dollar and further export declines from sanctioned Iran buoy prices. • West Texas Intermediate futures, the U.S. oil standard, was 1.5% lower at $51.78 a barrel on the New York Mercantile Exchange. Prices closed last Friday at $47.96 a barrel.

Source: Wall Street Journal January 11, 2019 10:27 UTC