Oil prices retreat from 3-1/2 year peak | Bangkok Post: news - News Summed Up

Oil prices retreat from 3-1/2 year peak | Bangkok Post: news


NEW YORK - US and European equity markets essentially treaded water Friday while oil prices retreated, concluding a turbulent week marked by President Donald Trump's decision to withdraw the US from the Iran nuclear pact. But oil prices pulled back Friday, with some analysts pointing to profit taking and others seeing the move as motivated by the belief that other major OPEC producers could boost output as needed. US stocks finished mostly higher, with the Dow and S&P 500 advancing modestly and the Nasdaq slipping. London's FTSE 100 has recovered from its February slump and is now less than 100 points below its record high set in mid-January. Symantec said its audit committee had retained independent counsel and that it "voluntarily contacted" US securities officials about the probe.


Source: Bangkok Post May 11, 2018 21:33 UTC



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