• Oil prices rose Friday, stabilizing from the previous day’s slide after data showed the number of rigs drilling for oil in the U.S. fell in the past week and President Trump said he is sending more troops to the Middle East amid heightening tensions with Iran. •Light, sweet crude for July delivery advanced 1.2% to $58.63 a barrel on the New York Mercantile Exchange, rebounding from a 2 ½-month low on the heels of its worst day in 2019. Oil still posted a 6.8% drop for the week and is 12% below its April peaks.

Source: Wall Street Journal May 24, 2019 16:19 UTC