Oil Prices Slip as Wall Street Wavers Amid Middle East Tensions

Stocks on Wall Street are wavering as oil prices fall for the first time in a week. The S&P 500 index fell by 0.1% on Friday, putting it on track to post its second consecutive losing week since March.

The decline in oil prices is attributed to heavy fighting in the Middle East, which has raised concerns about disruptions to global oil supplies.

Despite this, Wall Street remains headed for a losing week overall. The S&P 500's current performance is in stark contrast to the gains seen earlier this year, with the index having risen by nearly 20% since January.