Wall Street falls as crude oil soars
Date
6/19/2016 7:49:36 AM
(MENAFN- ProactiveInvestors - Australia) By the close the Dow Jones had fallen 0.3% to 17,675
U.S. equites and crude oil headed in different directions on Friday.
By the close the Dow Jones had fallen 0.3% to 17,675. The NASDAQ was softer at 2071, while the NASDAQ dropped 0.9% to 4800.
The volatility in oil prices remains very high, as the markets brace for this weeks UK vote on its status within the European Union.
Brent crude futures jumped 4.3% to US$49.25 a barrel, with West Texas Intermediate climbing 3.8% to US$47.98 a barrel.
The previous session both of these benchmarks lost around the same value.
Electronic gold added 1.6% to US$1298 an ounce, and climbed above US$1300 an ounce intra-session. <
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