Oil prices leap to their highest since May and drag Wall Street lower
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By STAN CHOE, AP Business Writer
NEW YORK (AP) — Oil prices keep climbing as the war with Iran keeps clogging the global flow of crude, and they leaped Thursday to their highest levels since before the summer. That worsened worries about inflation and cranked up pressure within the bond market, helping to send stocks lower again on Wall Street.
The S&P 500 fell 0.6% for a fourth straight loss, its longest such streak since June, though it’s not far from its all-time high set last month. The
NEW YORK (AP) — Oil prices keep climbing as the war with Iran keeps clogging the global flow of crude, and they leaped Thursday to their highest levels since before the summer. That worsened worries about inflation and cranked up pressure within the bond market, helping to send stocks lower again on Wall Street.
The S&P 500 fell 0.6% for a fourth straight loss, its longest such streak since June, though it’s not far from its all-time high set last month. The
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