Oil slumps 5%, but banks lead stocks slightly higher - News Summed Up

Oil slumps 5%, but banks lead stocks slightly higher


Banks and other financial companies led U.S. stocks slightly higher Wednesday, snapping the market's two-day losing streak. Energy companies slid, though, as U.S. crude oil had its biggest single-day drop in nearly three months. The steep slide in oil prices sent several oil and gas drilling companies lower. Bond prices fell. Heating oil fell 5 cents, or 3.4%, to $1.42 a gallon.


Source: Los Angeles Times June 07, 2017 15:01 UTC



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