Commodities
Oil Prices Fall Amid Middle East Conflict as Stocks Rise
Stocks on Wall Street gained ground Friday after oil prices slipped for the first time in a week. The S&P 500 rose by 0.4%, but still remains on track to post its second consecutive losing week, a feat that hasn't happened since March.
The decline in oil prices was attributed to heavy fighting in the Middle East, which threatens to slow the global flow of oil.
Despite the gains, Wall Street is expected to end the week with losses. This comes as investors remain cautious about the ongoing conflict and its potential impact on the market.