US Stocks Bounce Back on Cooling Oil Prices

A reprieve from rising oil prices helped steady the US stock and bond markets. According to AP Wire, the cooldown in oil prices on Friday released some of the pressure that's built up on Wall Street.

US stocks closed out their first winning week in the last three, with a cooldown in oil prices being a key factor. The price of oil has been increasing, putting pressure on investors and contributing to market volatility.

The decline in oil prices was seen as a positive development for the markets, helping to alleviate some of the concerns that had built up over the previous weeks.