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Commodities

Oil Price Slide Steadies US Stocks After Three-Day Losing Streak

Guavy AI Editorial Team
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Oil
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A cooldown in oil prices on Friday is helping to ease pressure on Wall Street, causing US stocks to tick higher.

The S&P 500 gained 0.3%, ending a three-day losing streak caused by rising bond yields. The Dow Jones Industrial Average was up 179 points, or 0.3%, and the Nasdaq composite rose 0.4%.

Stocks were boosted after the price of Brent crude oil fell 1.6% to $98.63, which has been volatile due to uncertainty about when the war with Iran will allow oil to flow freely again from the Middle East.

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